The Friedkin Group is reportedly on the verge of finalising its takeover of Everton, with the deal expected to be completed within the next week.
The American consortium, led by billionaire Dan Friedkin and already owners of Serie A club Roma, was previously close to acquiring Everton last summer.
However, concerns over loans taken out by the club caused the group to back away from the deal at the time. Talks resumed in recent months, and it now appears the acquisition has progressed to completion.
The process has involved securing regulatory approval after an agreement was reached to purchase Farhad Moshiri’s 94.1% stake in the club.
According to The Times, the Premier League has now approved the takeover, paving the way for an official announcement soon.
Moshiri, who agreed to the sale of his majority stake in September, is reportedly set to walk away with little financial return.
The Friedkin Group is expected to assume responsibility for clearing Everton’s significant debts, which have reached approximately £600 million under Moshiri’s ownership.
If all goes according to plan, Everton’s match against Arsenal at the Emirates Stadium on Saturday, December 14, could mark the club’s final fixture under Moshiri’s majority control.
Manager Sean Dyche will be hoping for a positive result as the Toffees aim to start a new chapter under their prospective owners.
