NafisaDan Friedkin is set to complete his long-awaited takeover of top tier English League football club Everton before the end of December 2024, as sources confirmed to Football Insider.
In September, the Merseyside club announced that The Friedkin Group had reached an agreement to buy Farhad Moshiri’s 94.1% stake in Everton.
This move follows months of doubts, including Friedkin’s decision to withdraw from negotiations back in July. At the time, concerns had arisen over a £200million loan secured by the club from the now-defunct 777 Partners, which Friedkin believed has a very huge risks to the deal.
However, those issues have now been ironed out, easing the way for the American billionaire to resume talks with Moshiri and agree to a deal reportedly worth over £400million for the club.
Friedkin, who likewise owns Serie A club AS Roma, is now awaiting regulatory approval from the Premier League, the Football Association (FA), and the Financial Conduct Authority (FCA) before the deal can materialised.
Sources close to the situation have told Football Insider that everything is progressing smoothly, with no new obstacles having emerged in recent weeks so far.
Despite the ongoing legal challenges surrounding Everton’s finances, specifically the court case involving Leadenhall, A-Cap, and the £200million debt with 777 Partners in New York, there is confidence that the takeover will proceed accordingly.
Sources reveals that the deal could be sealed up as early as Christmas, if all necessary approvals come through without any further delays.
As it stand, there is little indication that the court case will cause any further significant setbacks to the takeover, and the expectation remains that Friedkin’s group will officially take control of the Everton by the end of year.
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