Sky Sports News are reporting that The Friedkin Group have secured approval from the Premier League to become the new owners of Everton FC.
The regulatory approval process was initiated 10 weeks ago when TFG agreed a deal to purchase Farhad Moshiri’s 94.1% shareholding in the club; the takeover is now expected to be finalised next week.
The Friedkin Group, which also owns Roma and is led by American billionaire Dan Friedkin, was close to agreeing a deal to buy Everton last summer, only to announce it had pulled out due to concerns over loans which the club had taken up with other investors.
However, the deal struck between Blue Heaven Holdings – Moshiri’s holding company – and The Friedkin Group has now passed regulatory approval from the Premier League, and is expected to be rubber-stamped by an Independent Oversight Panel as the recently introduced final step of the approval process.