Friedkin Group agrees deal to buy Farhad Moshiri’s majority stake in Everton

The Friedkin Group has reached agreement to purchase Farhad Moshiri’s majority stake in Everton.

The group, led by the American billionaire Dan Friedkin, had entered a period of exclusivity to negotiate a possible purchase in June, before Everton in July said that no deal would be struck between the parties.

John Textor, who has a 45 per cent share in Crystal Palace, had then appeared to be in the frame, but a statement from Everton on Monday read: “Blue Heaven Holdings and The Friedkin Group confirm that they have reached agreement over the terms of the sale of Blue Heaven Holdings’ majority stake in Everton Football Club.

“The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.”

A spokesperson for The Friedkin Group said: “We are pleased to have reached an agreement to become custodians of this iconic football club.

“We are focused on securing the necessary approvals to complete the transaction. We look forward to providing stability to the club, and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.”

The Friedkin Group, holder of a controlling stake in Serie A side Roma, have been a lender to Everton, with an injection of £200million triggering its exclusivity period in the summer.

After the July announcement that the Friedkin Group would not be progressing with a purchase, Everton had entered talks with Textor, who would have had to offload his stake in their Premier League rivals Palace.

And two weeks ago the American had expressed his confidence that everything could be completed before his exclusivity agreement expired.

But Everton played down those comments, stressing that “there remains some work to be done”, and it is now Friedkin that is set to take control.

They finished 15th in 2023-24, a season during which they were twice docked points for breaching profit and sustainability rules.

Everton are due to move from their Goodison Park home to a new stadium at Bramley-Moore Dock in time for the start of the 2025-26 campaign.

The Friedkin Group stressed the Everton deal would not affect their commitment to Roma.

A statement on the Serie A side’s website from Dan and Ryan Friedkin read: “The potential addition of Everton to our portfolio does not alter our focus on AS Roma.

“If anything, the multi-club symbiosis will only help Roma.

“Each club in our portfolio operates independently and AS Roma remains at the heart of our football ambitions.”