The American billionaire, who is the owner and CEO of the Friedkin Group, is set to acquire Farhad Moshiri's 94.1 per cent stake in the club
The American billionaire, who is the owner and CEO of the Friedkin Group, is set to acquire Farhad Moshiri's 94.1 per cent stake in the club
One insider suggested that Moshiri, who has been keen to sell his stake for more than a year, might have agreed to a lower price to help smooth the path for a deal. Detailed and extensive due diligence – including a business plan that would see a major strategic review of the club’s football operations and significant investment in infrastructure and the squad – had been carried out before red flags were raised about the club’s debt situation.
Although Textor remains interested, it’s understood that an interview he gave to Sky Sports earlier this month raised eyebrows at Everton – who released a statement distancing themselves from much of what he said.
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