Friedkin Group end talks with Everton over acquiring majority stake

Friedkin Group own Serie A club AS Roma.

Everton have confirmed that their talks with Friedkin Group, who were going to take a majority stake in the club, have ended as the US-based firm have pulled out of the race to buy the stake.

The Friedkin Group was closing in on purchasing a 94% stake in Everton after reaching an agreement with the current Toffees’ owner Farhad Moshiri.

Chairman Dan Friedkin, who additionally owns AS Roma, boasts a net worth of £4.8 billion. He was willing to own the Premier League club having already had the ownership of the Italian side. However, their plan failed after the owners decided to not continue with buying Everton’s stake.

A statement was released by the Toffees, which read, “Following a period of exclusivity, discussions between Blue Heaven Holdings and The Friedkin Group over a potential sale of a majority stake in Everton have ended and The Friedkin Group will not be progressing with a purchase of the Club.

“Both Blue Heaven Holdings and The Friedkin Group entered discussions in good faith to explore whether a sale could be agreed.

“Those discussions have concluded. The parties agree it is in both their interests for Everton to explore alternative options.”

After weeks of talks between the club and Friedkin Group to buy the stake with an estimated value of £800m, the discussion suddenly came to a halt. Both parties failed to reach an agreement.

The statement added, “The Friedkin Group will remain a lender to the Club and is proud to have played a key role in enabling the new stadium to be built, which will help ensure a bright future for both Everton and the City of Liverpool.

“Blue Heaven Holdings maintains a positive relationship with The Friedkin Group and would like to thank them for the time and effort they have put into this process.

“When there is further news to share, it will be provided via the Club’s official communication channels.”

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