The Friedkin Group remains on course to complete the takeover of Everton before the end of this year
The takeover of Everton by The Friedkin Group remains on course. The new owners could be in situ before the end of December. Having agreed to acquire Farhad Moshiri ’s controlling 94.1% stake in the Blues back in September, TFG have been working toward gaining regulatory approval from the Premier League , the Football Association and the Financial Conduct Authority, a process that was predicted to take around 12 weeks.
Suggestions of ‘six weeks’ on TalkSPORT earlier this week questioned the length of time it was taking for TFG to complete compared to Ratcliffe, although the actual time in between Sheikh Jassim bin Hamad Al-Thani’s failed attempt at a full buy-out, and Ratcliffe’s minority stake purchase, was actually four months. There is also a lot more for regulatory bodies to chew over when it comes to the purchase of a minority stake versus that of a majority stake, like TFG are pressing ahead with.
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