Everton’s New Dawn: American Businessman Dan Friedkin on the Brink of Takeover Deal with Premier League Club

American businessman Dan Friedkin, worth over $6 billion and owner of Serie A side Roma, is on the verge of agreeing to a takeover deal for Premier League club Everton. The Friedkin Group has reportedly agreed to the takeover “in principle,” beating out several other groups who had shown interest in buying the club following the collapse of a previous takeover deal with American investors 777 Partners.

Everton is currently owned by Farhad Moshiri, who owns a 94 percent stake in the club. Friedkin is deciding whether to purchase this stake, which would give him control of the club. The potential takeover comes at a crucial time for Everton, who were deducted eight points during the 2023-24 Premier League season for breaches of the Profit and Sustainability Rules. Despite this setback, manager Sean Dyche managed to keep the team afloat amidst financial challenges. With more PSR deadlines looming, Everton is in a precarious financial position, with $200 million in loans to repay to American firm MSP, who are also vying for ownership of the club.

The club is also set to move into their new stadium at Bramley Moore Dock in the summer of 2025, adding to the urgency of getting the takeover deal finalized quickly and smoothly after the disappointment of the failed 777 Partners takeover. Overall, the potential takeover by the Friedkin Group offers hope for stability and financial security for Everton, as they navigate through a crucial period both on and off the pitch.