Friedkin Group (TFG) has completed the acquisition of Premier League club Everton.
The Friedkin Group, which owns Roma and is led by American billionaire Dan Friedkin, has acquired a majority stake in Everton, beginning a new era for the Merseyside club and ending Fahad Moshiri’s tenure at Goodison Park.
Friedkin, who took over Serie A giants Roma in 2020, has an estimated net worth of $6.1 billion (£4.8 billion).
Chairman-elect Mark Watts said in an official statement: “Today is a momentous and proud day for the Friedkin Group as they become stewards of this iconic football club.
“We are committed to leading Everton into an exciting new era, both on and off the pitch. Providing immediate financial stability for the club has been a priority and we are delighted to have achieved this.
“It will take time to get Everton back to their rightful place in the Premier League table, but today is the first step on that journey.”
More to follow…
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‘Deal will leave Everton in a better place’
Sky Sports News reporter Alan Myers:
“Moshiri worked hard to get this deal done.
“This deal will certainly leave the club he bought in a better position than many prognosticators have suggested, thanks to his decision to convert loans into assets and his dogged perseverance to build a new stadium in the face of enormous challenges. ” – Some of them are not appreciated by many people.
“This will be his legacy. Of course he will admit he made mistakes, and mistakes were made.
“The club’s league positions over the years speak for themselves, but if everything goes as expected, Everton could be looking at a brighter future ahead and he will have played his part in that.”
Sky Sports News reporter alan myers We take a look at what we can expect from Texas-based billionaires once the acquisition is complete.
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