Friedkin Group in Advanced Talks for Everton Takeover Amid Complex Ownership Saga

The Friedkin Group, led by Dan Friedkin, is reportedly in advanced negotiations to take over Everton Football Club. The deal centers around purchasing the 94% stake owned by current majority shareholder Farhad Moshiri. This comes after earlier talks in June broke down over unresolved terms, followed by a failed acquisition attempt by Miami-based 777 Partners.

American businessman John Textor, who also owns a significant share in Crystal Palace, had been in the running, securing a “qualified period of exclusivity” to negotiate a deal in August. However, reports suggest the Friedkin Group has now re-entered the picture, and a deal could be imminent.

The takeover saga has been complicated by legal challenges and financial considerations, including Friedkin’s prior £200m loan to the club, which could be converted to equity as part of any finalized agreement. Textor’s existing shareholding in Crystal Palace has also posed difficulties, as Premier League regulations prohibit owning shares in multiple clubs.

While no official statement has been made, sources indicate that an announcement could be forthcoming.

This development comes as Everton struggles in the Premier League, sitting joint-bottom with just one point from their first five games under manager Sean Dyche.