Everton‘s long-running possession saga has ended after a takover from U.S. agency the Friedkin Group was accomplished on Thursday, the membership has introduced.
The American possession group takes over British-Iranian billionaire Farhad Moshiri’s 94.1% majority share of the membership, which is able to transfer subsequent season from its long-term residence, Goodison Park, to a brand new riverfront stadium.
Everton turns into the tenth membership within the Premier League to be underneath American possession.
“Today marks a momentous and proud event for The Friedkin Group as we develop into custodians of this iconic soccer membership,” Marc Watts, the membership’s incoming govt chairman, stated in a press release. “We are dedicated to main Everton into an thrilling new period each on and off the pitch.”
The Friedkin Group additionally owns Serie A membership AS Roma.
The Premier League stated the group had handed its League Owners’ and Directors’ take a look at, including: “Having been agreed by the [Premier League] board, the takeover has now been ratified by an Independent Oversight Panel.”
Moshiri, a former Arsenal shareholder, first purchased a 49.9% stake in Everton in 2016. By January 2022, he had elevated his stake to 94.1% with a £100m capital injection.
However, the membership’s males’s facet has been on a a tumultuous journey in current seasons which noticed them dramatically survive relegation on the ultimate day in 2023.
The membership repeated the feat final season regardless of being deducted a total of eight points throughout two separate penalties for Profitability and Sustainability Rules (PSR) infringements.
Everton’s girls’s facet, which the American possession may even management, has additionally been caught within the backside half of the desk in current seasons.
“I really consider that the transaction with the Friedkin Group is the very best final result for the membership and its future success,” Moshiri stated.
“Despite a difficult geopolitical backdrop, a big quantity has been achieved over the past couple of years together with the supply of a brand new sporting division, the stabilisation of our funds and the supply of our iconic new stadium,” he added.
“I now hand over to new house owners assured within the outlook for the membership and that our unbelievable followers will see the success on the pitch that they so totally deserve.”
Everton are sixteenth within the Premier League with 15 factors after 15 video games. They subsequent host Chelsea on Sunday.
