Friedkin Group completes Everton takeover

The Friedkin Group has completed its bulk takeover of Everton, ending the turbulent tenure of Farhad Moshiri.

The woody is believed to beryllium worthy successful excess of £400m and the Toffees go the 10th nine successful the Premier League nether bulk American ownership.

The radical reached an agreement with Moshiri connected 23 September and were awaiting regulatory approval, with the Premier League having the last accidental connected the deal, and this has present been granted.

The Texas-based radical is led by president Dan Friedkin and besides owns Italian Serie A nine Roma. Friedkin has a nett worthy of £6.16bn, according to Forbes., external

Friedkin has been projected arsenic the president of Everton's board, with Marc Watts serving arsenic enforcement chairman. Watts volition beryllium liable for the absorption of the club.

Friedkin said successful an unfastened letter: "I instrumentality immense pridefulness successful welcoming 1 of England's astir historical shot clubs to our planetary family, the Friedkin Group. Everton represents a arrogant legacy, and we are honoured to go custodians of this large institution.

"Whilst we are caller to the club, we afloat recognize the captious relation Everton plays successful section culture, history, and the lives of Evertonians present and astir the world.

"We are profoundly committed to honouring this bequest portion contributing positively to the community, economy, and radical of this singular city."

British-Iranian businessman Moshiri archetypal bought a 49.9% involvement successful Everton successful 2016, earlier expanding his holding to 94.1% successful 2022.

Everton, who person not played extracurricular the apical formation since 1953–54, person been successful the bottommost fractional of the Premier League for the past 3 seasons - finishing 16th, 17th and 15th - and are astatine the incorrect extremity again successful 16th.

Sean Dyche's squad play second-placed Chelsea astatine Goodison Park connected Sunday (14:00 GMT) and representatives of the Friedkin Group are expected to beryllium astatine the game.

More to follow.