Friedkin Group Nears Everton Takeover Completion
Friedkin Group Nears Everton Takeover Completion

Friedkin Group Nears Everton Takeover Completion

News summary

Everton manager Sean Dyche indicated that the takeover by The Friedkin Group (TFG) is nearing completion, with reports suggesting it could finalize before Christmas. The Friedkin Group, led by American billionaire Dan Friedkin, has agreed to purchase Farhad Moshiri's 94.1% stake in the club, which includes clearing approximately £600 million in debts. Dyche is also managing the contract situations of key players, including Dominic Calvert-Lewin, as 13 players are set to see their contracts expire next summer. The TFG aims to strike a balance between immediate performance and long-term planning, as the team seeks to avoid relegation amidst a challenging season. Everton, currently 15th in the Premier League, has faced financial issues and penalties for breaching Profit and Sustainability rules. The club is also preparing to transition to a new stadium, with concerns raised about flooding at the construction site due to recent severe weather.

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