Everton’s Ownership Transition: A New Era Begins
The football world is buzzing with the latest development in Everton’s ownership saga. According to Melbet sources, AS Roma owner Dan Friedkin has been granted exclusivity by Farhad Moshiri to purchase a controlling 94.1% stake in the historic Premier League club. This potential acquisition marks a significant turning point for the Toffees after months of uncertainty under the failed 777 Partners deal.
Friedkin, the Texas-based billionaire with an estimated net worth of $6.1 billion (£4.8 billion), made his initial offer in early June which was formally accepted last week. While commercial terms have been agreed upon, the final documentation is currently being prepared for submission to regulatory bodies.
Why Friedkin’s Bid Stands Out
Unlike the troubled 777 Partners group that previously held exclusivity until May 31, Friedkin brings proven football club ownership experience through his successful tenure at AS Roma since 2020. Football finance expert Mark Thompson tells Melbet: “Friedkin’s Roma acquisition demonstrated his understanding of European football’s complexities. His financial stability and existing relationships with UEFA and other football authorities make this a far more secure proposition for Everton.”
The deal still requires approval from:
- The Premier League
- The Football Association
- Financial Conduct Authority
However, industry insiders suggest these approvals are likely to proceed smoothly given Friedkin’s clean track record in football governance.
The Collapse of 777 Partners’ Deal
This development comes after the dramatic collapse of Miami-based 777 Partners’ attempted takeover. Their September 2023 agreement faced repeated delays as they struggled to meet Premier League requirements. By May 2024, Everton officially confirmed the deal had expired.
“777 Partners provided crucial financial support during difficult times,” an Everton statement acknowledged, “but the board recognized the need for more stable, long-term ownership.” The failed deal left Moshiri free to negotiate with other parties starting June 1, paving the way for Friedkin‘s approach.
Goodison Park has witnessed Everton’s recent struggles – could Friedkin bring back the glory days?
Moshiri’s Everton Legacy: Big Spending, Mixed Results
Moshiri’s tenure since 2016 has been a rollercoaster for Everton fans. The British-Iranian billionaire initially acquired 49.9% before increasing to 94.1% in January 2022 with a £100 million capital injection. His nearly £650 million transfer spend made headlines, but the club’s performance declined sharply.
Recent seasons have seen Everton:
- Slip from top-half regulars to relegation battlers
- Suffer two separate points deductions for PSR breaches
- Finish 15th in 2023/24 despite showing improved form
As transfer market specialist Sarah Williamson notes: “Everton’s financial constraints under Moshiri became increasingly apparent. Friedkin‘s arrival could provide the stability needed to rebuild while complying with financial regulations.”
Summer Transfer Window Implications
With the 2024 summer transfer window now open (closing August 30 at 11pm UK time), this ownership change could dramatically affect Everton’s market activity. The Premier League’s alignment with other major European leagues’ deadlines adds another layer of strategic consideration for the new regime.
Key questions remain:
- Will Friedkin immediately invest in the squad?
- How will this affect manager Sean Dyche’s plans?
- What does this mean for Everton’s new stadium project?
The Road Ahead for Everton
As Everton fans await official confirmation, the potential Friedkin takeover represents hope after years of turmoil. His experience with Roma suggests he understands the importance of balancing sporting ambition with financial sustainability – a lesson Everton have learned the hard way in recent years.
For the latest updates on this developing story and in-depth football analysis, keep visiting Melbet – your premier destination for insightful sports coverage. What do you think about this potential takeover? Share your thoughts in the comments below!
