The Friedkin Group (TFG) has completed the takeover of Premier League club Everton.
The Friedkin Group, which includes Roma and is run by an American billionaire Dan Friedkinhas acquired a majority stake in Everton, ushering in a new era for the Merseyside club and ending Farhad Moshiri’s time as manager at Goodison Park.
Friedkin, who bought Serie A giant Roma in 2020, is worth an estimated $6.1bn (£4.8bn).
New chief executive Marc Watts said in an official statement: “Today is a significant and proud occasion for the Friedkin Group as we become guardians of this legendary football club.”
“We are committed to leading Everton into an exciting new era both on and off the pitch. Providing immediate financial stability for the club was one of our key priorities and we are pleased to have achieved this.”
“Although it will take some time for Everton to regain its rightful place in the Premier League table, today is the first step on that path.”
More to come…
This is breaking news and will be updated. Further details will be released shortly. Please refresh this page to get the latest updates.
Sky Sports brings you live updates as they happen. Get breaking sports news, analysis, exclusive interviews, replays and highlights.
Sky Sports is your trusted source for breaking sports news headlines and live updates. Watch live coverage of your favorite sports: Football, F1, Boxing, Cricket, Golf, Tennis, Rugby League, Rugby Union, NFL, Darts, Netball and get the latest transfer news, results, scores and more.
Visit skysports.com or the Sky Sports app for everyone Latest sports news headlines. You can receive Push notifications from the Sky Sports app For the latest news from your favorite sports you can follow @SkySportsNews on X to get the latest updates and you can also follow now Sky Sports WhatsApp channel.
“The deal will put Everton in a better position”
Sky Sports News reporter Alan Myers:
“Moshiri worked hard to close this deal.
“This deal will put the club in a better position, certainly compared to the one it acquired, than many prognosticators suspected, thanks to its decision to convert its loans into equity and its dogged perseverance to deliver the new stadium despite major challenges build.” – some of which are not appreciated by many.
“That will be his legacy. He will of course admit that he made mistakes – and there were mistakes.”
“The club’s position in the league over several years shows us that. But if everything goes as expected, Everton can look to a brighter future and they will have played their part.”
