Friedkin Group Agrees to Acquire Everton FC

The Friedkin Group has reached an agreement to acquire a majority stake in Everton FC from current owner Farhad Moshiri, marking a significant shift for the struggling Premier League club. The deal, which is subject to regulatory approval from the Premier League and other governing bodies, aims to provide much-needed stability as Everton faces serious financial challenges, including potential further points deductions for breaching financial fair play rules. Previously, Friedkin had abandoned acquisition plans in July but revived negotiations after a deal with 777 Partners fell through. Everton's recent performance has been dismal, with the team currently sitting second from the bottom in the league standings. The Friedkin Group, also owners of AS Roma, expressed their commitment to revitalizing the club and completing the new stadium project at Bramley-Moore Dock. However, concerns have been raised regarding their understanding of the local football culture, especially in light of recent turmoil at Roma.