Everton’s owner, Farhad Moshiri, has entered exclusive negotiations with the Friedkin Group over a possible purchase of the club. The Friedkin Group, which owns Roma, is looking to buy the 94% stake held by Moshiri’s Blue Heaven Holdings.
The exclusivity period will allow the Friedkin Group, spearheaded by the Texan billionaire Dan Friedkin, to conduct due diligence and assess the club’s financial position as he seeks to strike a deal with Moshiri.
Everton said in a statement: “Blue Heaven Holdings has received significant interest from several highly respected parties interested in investing in the club. The club can confirm today (21 June) that a period of exclusivity has been granted to the Friedkin Group to progress discussions to acquire a majority shareholding in Everton. All parties will now work together to conclude this process. In the meantime, the club will continue to operate as normal.”
The news will be welcome to Everton fans, who have endured months of uncertainty after Moshiri agreed in September to sell his stake to the American investment firm 777 Partners. That deal collapsed when an exclusivity period with 777 expired on 31 May with no formal agreement reached.
If purchase terms are agreed, Friedkin would need to be granted approval by the Premier League, the Football Association and the Financial Conduct Authority.
Everton finished 15th in the Premier League this past season despite being docked eight points for breaches of profitability and sustainability rules. The club are due to move to their new ground at Bramley-Moore Dock for the 2025-26 season, with work scheduled to finish on the stadium in December.
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Sources close to Friedkin insist he will be willing, where appropriate, to engage with fans’ groups as the negotiations progress.