By Steve Douglas
Everton’s long-running takeover saga could soon be over after the struggling Premier League team reached an agreement Monday with the Texas-based Friedkin Group over the purchase of the club.
“We look forward to providing stability to the club, and sharing our vision for its future,” the group said in a statement jointly issued with Everton, which is in 19th place in the 20-team English top flight.
Fronted by Dan Friedkin and his son, Ryan, the group is a consortium of investments in automotive, entertainment, hospitality and sports which includes Italian soccer club Roma in its portfolio. The Friedkins made a fortune distributing Toyotas in Texas.
The group reached an agreement in principle in June to buy the 94% stake of Everton’s majority shareholder Farhad Moshiri, but talks were called off a month later. Since then, Everton has been in negotiations with American businessman John Textor, who said at the start of this month he had
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insideeducation.co.za
