The Friedkin Group Completes Everton Takeover

The Friedkin Group is set to complete its takeover of Everton, finalizing the acquisition of Farhad Moshiri's 94.1% shareholding after a lengthy process that began in September. Regulatory approvals from the Premier League, Financial Conduct Authority, and FA have been secured, and an official announcement is expected on Thursday. This marks a significant turning point for the club, which has faced financial turmoil, points deductions, and a challenging Premier League season, currently sitting 16th. The Friedkin Group, led by billionaire Dan Friedkin, aims to stabilize the club's finances and support the transition to their new stadium at Bramley-Moore Dock. Manager Sean Dyche and Director of Football Kevin Thelwell are expected to discuss the club's future strategy with the new owners. The completion of this takeover signifies the end of Moshiri's contentious tenure, which began in 2016 and was marked by financial mismanagement and instability.