Everton FC Set for Ownership Change with Friedkin Group Takeover

Everton FC may soon experience stability and renewed vision after reaching an agreement with Texas-based Friedkin Group for the purchase of the club. The group is led by Dan Friedkin and his son Ryan, who are keen on taking over from majority shareholder Farhad Moshiri pending approval from English soccer authorities.

Everton FC's prolonged ownership saga could soon conclude as the struggling Premier League outfit announced an agreement with Texas-based Friedkin Group for its acquisition. The Friedkin Group, led by Dan and Ryan Friedkin, expressed eagerness to provide stability to the club and share their vision for its future.

The consortium, which includes investments in automotive, entertainment, hospitality, and sports, has already injected £200 million into Everton, reportedly convertible to equity as part of the deal. The impending acquisition still requires approval from English soccer authorities.

Everton, currently in 19th place in the Premier League and preparing to move from Goodison Park to a new stadium at Bramley-Moore Dock, urgently needs new ownership to address financial difficulties and secure its top-tier status.

(With inputs from agencies.)