American billionaire Dan Friedkin to acquire Premier League soccer team Everton

U.S. billionaire Dan Friedkin’s investment group has agreed to purchase Everton F.C., a struggling English Premier League soccer club, pending regulatory approval from various bodies. The Friedkin Group expressed excitement at the prospect of becoming custodians of the iconic football club and emphasized their focus on bringing stability and sharing their vision for the future, including completing the new Everton Stadium at Bramley-Moore Dock. The deal would involve Friedkin acquiring the 94% stake currently held by Farhad Moshiri, who has made significant investments in the club in recent years. Despite Moshiri’s efforts, Everton has been facing challenges, narrowly avoiding relegation and facing financial penalties. Various buyers, including U.S. private equity firm 777 Partners and businessman John Textor, have shown interest in Everton in the past, and earlier talks with The Friedkin Group fell through before this current agreement. Friedkin, who also owns Italian side AS Roma, has a net worth of $7.6 billion and now looks to bring his expertise and resources to help revitalize Everton’s fortunes.

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