English Woman's Journal - Friedkin Group reach deal to buy Everton

Weather - London 9°C

Friedkin Group reach deal to buy Everton

SPORTS 23.09.2024

Friedkin Group reach deal to buy Everton / Photo: PETER POWELL - AFP/File

Everton announced on Monday that the Friedkin Group has reached an agreement to buy Farhad Moshiri's majority stake in the Premier League club.

Change text size:

The group, led by American billionaire Dan Friedkin, had entered a period of exclusivity to negotiate a possible purchase in June, before Everton announced in July that no deal would be struck between the parties.

John Textor, who has a 45 percent share in Crystal Palace, had then appeared to be in the frame, but a statement from Everton confirmed an agreement had been reached.

"Blue Heaven Holdings and the Friedkin Group confirm that they have reached agreement over the terms of the sale of Blue Heaven Holdings' majority stake in Everton Football Club," the club said.

"The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority."

A spokesman for The Friedkin Group said: "We are pleased to have reached an agreement to become custodians of this iconic football club.

"We are focused on securing the necessary approvals to complete the transaction. We look forward to providing stability to the club, and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock."

Everton are second from bottom of the Premier League after four defeats in their opening five matches.

L.McKay--EWJ

Featured

FA Cup Second-Round Draw Confirmed for Non-League and Midlands Clubs

The FA Cup second-round draw has been finalized, setting up crucial ties for non-league teams aiming to reach the third round proper. Several clubs from the Midlands, including Burton Albion and Kidderminster Harriers, have secured their next opponents following recent victories over lower-league opposition.

Panthers expected to begin 2027 NRL season away from new stadium

The new Penrith Stadium is expected to be ready in time for the opening round of the 2027 NRL season, but it’s still likely the Panthers is expected to be on the road for their early matches. There is no delay to the build of the new $309 million venue but there’s a lack of appetite for risk around weather delays through the summer.

Virginia overwhelms Arkansas 91-72 behind balanced scoring

WASHINGTON (AP) — Thijs De Ridder scored 16 points, one of five players in double figures for No. 9 Virginia as the Cavaliers routed No.

Tayyab Arif hits 57 on Pakistan Test debut against Sri Lanka

RAWALPINDI, Pakistan (AP) — Tayyab Arif smashed an aggressive half-century on debut and provided a new-look Pakistan lineup a confident start to the first cricket test against Sri Lanka on Monday. The 20-year-old Tayyab struck nine boundaries and a six in his 57-run knock as Pakistan reached 137-2 at lunch on a greenish wicket that lured Sri Lanka captain Kusal Mendis to bowl first after winning the toss.

Change text size: