The Premier League has approved The Friedkin Group's takeover of Everton Football Club from Farhad Moshiri.
The Premier League confirmed that The Friedkin Group had passed the required owners and directors test, officially approving the takeover of Everton Football Club from Farhad Moshiri. The Houston-based firm, run by US billionaire Dan Friedkin, completed the acquisition after receiving regulatory approval from the Premier League , the Financial Conduct Authority, and the Football Association.
The Premier League process, which took approximately 12 weeks, involved The Friedkin Group providing proof of funds, a workable business plan, and demonstrating their viability as owners. The statement released by the Premier League read: “The Premier League Board has approved The Friedkin Group’s 98.8 per cent acquisition of Everton Football Club, following the completion of the League’s Owners’ and Directors’ Test. “Having been agreed by the Board, the takeover has now been ratified by an Independent Oversight Panel. The club’s new owners and directors have also signed the Premier League’s Owners’ Charter. “The Premier League now awaits confirmation of the satisfactory completion of the transaction.”
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