AS Roma owner Dan Friedkin agrees deal to buy Everton after collapse of 777 Partners' takeover bid - reports
/origin-imgresizer.tntsports.io/2024/09/16/image-4414b260-c386-47c6-af98-0a2675a5a091-68-310-310.jpeg)
Updated 14/06/2024 at 20:16 GMT+1
Everton look set to conclude their uncertain search for a new owner after the collapse of their takeover by 777 Partners. The Merseyside club were hit with two points deductions by the Premier League for breaching Profit and Sustainability Rules last season. Farhad Moshiri is The Toffees' current majority shareholder but could soon relinquish his control of the club to AS Roma owner Dan Friedkin.
‘Listen to Goodison Park!’ – Scenes as Branthwaite snatches Everton a point in stoppage-time
Video credit: TNT Sports
AS Roma owner Dan Friedkin looks set to buy Everton after reportedly agreeing a deal in principle for the club.
Friedkin, chairman of The Friedkin Group and whose net worth is estimated at £4.8 billion, took over the Serie A side in August 2020.
Reports of a deal being accepted, according to multiple sources, follow the expiration of 777 Partners’ period of exclusivity, which ended on May 31.
It is claimed that Moshiri may now grant exclusivity to Friedkin within 48 hours.
The British-Iranian businessman held a 49.9% stake in Everton from February 2016 until January 2022, when he increased his holding to 94.1%.
But after several fan protests and posting financial losses for five years in a row, Moshiri agreed a deal with 777 Partners for the whole of his stake in the club in September 2023.
The deal eventually collapsed as 777 reportedly struggled to meet the Premier League’s criteria for a takeover, with chief executive Richard Masters reiterating the league’s “very clear” conditions last month.
Masters told MPs in a discussion on the government’s football governance bill: “The Premier League is very clear the conditions that have to be met by 777 if it wishes to become owner of Everton.
“At the moment, because the takeover has not been confirmed, I’ll leave it to the committee [of MPs] to make its own conclusions as to where we are with that."
Moshiri has invested almost £650 million in transfers at Everton, as well as helping to oversee and finance their new stadium at Bramley-Moore Dock, which is expected to be completed in 2025.
- Football news as it happened - Man Utd make Branthwaite offer, Scotland fans descend on Munich for Euros opener
- Chelsea make move for Michael Olise, asking price set for Ivan Toney - Paper Round
- Jarrad Branthwaite: Manchester United agree terms with Everton defender
Prospective new owner Friedkin paid approximately £466 million to acquire Roma from James Pallotta.
--
TNT Sports presents the premium live sports rights previously carried by BT Sport including the Premier League, UEFA Champions League, UEFA Europa League, UEFA Conference League, Gallagher Premiership Rugby, Investec Champions Cup, EPCR Challenge Cup, MotoGP, Cricket, UFC, Boxing and WWE. The streaming home for TNT Sports in the UK is discovery+, where fans can enjoy a subscription that includes TNT Sports, Eurosport and entertainment in one destination.
Advertisement
Advertisement