By Victor Kanayo
Owners of struggling English Premier League side, Everton, have confirmed their readiness to hands off ownership after reaching agreement for the sale of Blue Heaven’s majority stake in the club.
Already, both Blue Heaven Holdings and The Friedkin Group have reached an agreement. Friedkin, owned by the US tycoon Dan Friedkin, is already a majority owner of Italian club AS Roma.
This was disclosed in a statement on the club’s website on Monday.
Sealed Agreement
Part of the statement reads, “Blue Heaven Holdings and The Friedkin Group confirm that they have reached an agreement over the terms of the sale of Blue Heaven Holdings’ majority stake in Everton Football Club. The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority.”
Also, a spokesperson for The Friedkin Group said: “We are pleased to have reached an agreement to become custodians of this iconic football club.
“We are focused on securing the necessary approvals to complete the transaction.
“This transaction, which aims to usher in a new era for Everton, is currently awaiting regulatory approval from key governing bodies, including the Premier League and the Financial Conduct Authority.”
A Club With Many Ripples
Heritage Times HT reports that Everton threatened by a third points deduction within a year due to financial breaches, have faced several issues in recent times.
In the 2023/24 season, the club was docked ten points for breaching financial fair play rules, which placed them in a precarious position in the league standings.
However, this deduction, though later reduced to six points, also intensified their struggle to avoid relegation, leading to heightened pressure on players and management.
They finished eight points above the relegation zone with 40 points from 38 games.
Currently, in the 2024/2025 season, the club has garnered 0 points from their initial four games and managed to secure a point in their last match—a 1-1 draw against Leicester City.
They are tied on one point alongside Southampton and Wolves.
