Major update on Everton takeover with new era set to begin at Goodison Park
12/11/2024 05:52 PM
The Friedkin Group expect to complete their takeover of Everton before Christmas, talkSPORT understands.
Roma supremo Dan Friedkin is close to being granted Premier League approval to buy Farhad Moshiri’s 94.1 per cent stake in the Toffees.
Moshiri agreed the sale in September and is set to walk away with virtually nothing from the deal, agreed in September, as Friedkin is clearing Everton’s debts of around £600m.
The British-Iranian businessman first acquired a 49.9 per cent stake in Everton in 2016 before increasing his share of the ownership in the years since.
Meanwhile, Friedkin purchased Roma in 2020 and is currently the Serie A side’s president.
Under his ownership, the Giallorossi have not finished lower than seventh and won their first European trophy for 61 years (the Conference League) in 2022.
It has been a turbulent spell for the Toffees after they breached the Premier League’s Profit and Sustainability rules in recent seasons.
Sean Dyche’s side had a ten-point deduction reduced to six points on appeal last term before later being hit with another two-point penalty.
Despite the punishments, Everton finished 15th in the table, 14 points clear of the relegation zone.
So far this season, the Toffees have won three of their 14 league matches and are five points above the drop zone.
It is also their final campaign at Goodison Park before moving to a new stadium.
After 132 years at the venue, Everton will move across Liverpool to Bramley-Moore Dock ahead of the 2025/26 season.
However, shocking footage emerged last week of flooding at the uncompleted new ground.
Videos of water cascading down the stairs of a stand circulated on social media after Storm Darragh brought severe weather conditions to Merseyside.
The adverse weather also prompted Saturday’s Merseyside Derby to be postponed.
A new date for the fixture has yet to be confirmed by the Premier League.
Everton return to action after their extended break this weekend ahead of a busy festive schedule for Dyche and his players.
The Toffees travel to the Emirates Stadium to face Arsenal on Saturday afternoon.
