Friedkin Group completes Everton takeover

LondoncTypeface:> Everton’s takeover by the Friedkin Group has been confirmed. A statement issued by the club on Thursday morning said the Toffees had been acquired by Roundhouse Capital Holdings Limited, an entity within the Friedkin Group. The club said the deal had received the necessary regulatory approvals from the Premier League, Women’s Professional Leagues Limited, the Football Association and the Financial Conduct Authority. The Premier League’s statement confirmed the Friedkin Group had purchased a 98.8% stake in Everton. It marks the end of a turbulent period for the club under the ownership of Farhad Moshiri. The club have twice been sanctioned under the Premier League’s profitability and sustainability rules (PSR) in the last 13 months, and had eight points in total deducted last season. American billionaire Dan Friedkin is proposed to be chairman of the club’s board, and has appointed Marc Watts as the club’s new executive chairman. (PA Media/dpa)