The Friedkin Group (TFG) have completed their takeover of Premier League club Everton.
The Friedkin Group, which also owns Roma and is led by American billionaire Dan Friedkin, has acquired a majority stake in Everton, starting a new era for the Merseyside club and ending Farhad Moshiri’s time in charge at Goodison Park.
Friedkin, who bought Serie A giants Roma in 2020, has an estimated worth of $6.1bn (£4.8bn).
Incoming executive chairman Marc Watts said in an official statement: “Today marks a momentous and proud occasion for The Friedkin Group as we become custodians of this iconic football club.
“We are committed to leading Everton into an exciting new era both on and off the pitch. Providing immediate financial stability to the Club has been a key priority, and we are delighted to have achieved this.
“While restoring Everton to its rightful place in the Premier League table will take time, today is the first step in that journey.”
More to follow…
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‘Deal will leave Everton in better place’
Sky Sports News reporter Alan Myers:
“Moshiri has worked hard to get this deal over the line.
“This deal will leave the club in a better place, certainly from the one he acquired, than many forecasters suggested, thanks to his decision to turn his loans into equity and his tenacious endurance to get the new stadium built in the face of huge challenges – some of them not appreciated by many.
“This will be his legacy. He will admit to making mistakes, of course – and there have been mistakes.
“The club’s league position over a number of years tells us that. But if all goes as expected, Everton can look to a brighter future ahead and he will have played his part in that.”
