Agreement on American acquisition of Everton – but the deal could collapse

The English club informs itself X on the existing agreement.

– We are delighted to have reached an agreement to become trustees of this iconic football club. We are focusing on securing the necessary approvals to complete the transaction, says a Friedkin Group spokesperson.

The company already has shares in Serie A club Roma. Dan Friedkin is the company’s CEO.

An acquisition was already on the way in July this year, but then the negotiations between owner Farhad Moshiri and The Friedkin Group ran aground. Now they have gone a step further.

However, it still remains for the Premier League, the English Football Association (FA) and the British financial authorities to give the agreement their stamp of approval. It is not a given that they do.

Last year, Everton owner Farhad Moshiri agreed with investment company 777 Partners on a sale of Everton. However, then the process ran aground on the aforementioned approvals.

777 Partners failed to convince the authorities that it had the funds needed to buy Everton.

Everton have struggled financially in recent years and were deducted points in the league last season. The club is currently building a new stadium which will be used from the 2025/26 season.

Sportingly, the start of the season has been heavy for the Liverpool club.