FRIEDKIN GROUP REACH AGREEMENT TO BUY EVERTON – The deal is subject to regulatory approval
The Friedkin Group have agreed with Blue Heaven Holdings over the terms of the sale of Farhad Moshiri’s majority stake in Everton, the Premier League club said.
The announcement comes two months after the Friedkin Group had abandoned plans to buy a majority stake in the Merseyside club after being granted a period of exclusivity.
The Friedkin Group, majority owners of AS Roma, were in exclusive talks to buy a stake in Everton after a takeover agreement with prospective owners 777 Partners fell through.
The deal is subject to regulatory approval, including from the Premier League, the Football Association and the Financial Conduct Authority, the club statement added.
Everton’s points were deducted twice for breaching the Premier League’s Profitability and Sustainability Rules (PSR).
However, they finished 15th after winning five of their last eight games to secure their top-flight status. They now sit second-bottom of the table with one point from five matches.
