The Friedkin Group has completed its majority takeover of Everton, ending the turbulent tenure of Farhad Moshiri.
The deal is believed to be worth in excess of £400m and the Toffees become the 10th club in the Premier League under majority American ownership.
The group reached an agreement with Moshiri on 23 September and were awaiting regulatory approval, with the Premier League having the final say on the deal, and this has now been granted.
The Texas-based group is led by chairman Dan Friedkin and also owns Italian Serie A club Roma. Friedkin has a net worth of £6.16bn, according to Forbes., external
Friedkin has been proposed as the chairman of Everton’s board, with Marc Watts serving as executive chairman. Watts will be responsible for the management of the club.
Source: BBC
