- US company buying 98.8% stake in Merseyside club
- ‘Exciting new era’ promised after deal worth about £500m
The Friedkin Group vowed to restore Everton to their “rightful place in the Premier League table” after completing a takeover that brought the turbulent era of Farhad Moshiri to an end.
The US company (TFG), owned by the Texas billionaire Dan Friedkin, agreed a complex deal to purchase Moshiri’s 94.1% shareholding in September. It has acquired Everton through an entity, Roundhouse Capital Holdings Limited, and bought 98.8% of the club in total. Everton recently increased their share capital to convert debt owed to Moshiri’s Bluesky Capital into equity, after changes to Premier League shareholder loan regulations. The loans from Bluesky Capital totalled £451m and have been wiped out.
Continue reading…
Source link : https://www.theguardian.com/football/2024/dec/19/everton-takeover-by-friedkin-group-completed-as-moshiri-era-is-ended
Author : Andy Hunter
Publish date : 2024-12-19 10:00:46
Copyright for syndicated content belongs to the linked Source.
