By Victor Kanayo
New owners have taken over struggling Everton from the previous management.
Operating as the Friedkin Group, they have completed their majority takeover of Everton, ending the turbulent tenure of Farhad Moshiri.
The deal is believed to be worth in excess of £400m, making the Toffees the 10th club in the Premier League under majority American ownership.
The group reached an agreement with Moshiri on September 23, and was awaiting regulatory approval, with the Premier League having the final say on the deal. This approval has now been granted.
The Texas-based group, led by Chairman Dan Friedkin, also owns Italian Serie A club Roma. Friedkin has a net worth of £6.16bn, according to Forbes.
British-Iranian businessman Moshiri first bought a 49.9% stake in Everton in 2016 before increasing his holding to 94.1% in 2022.
Everton, who have not played outside the top flight since 1953–54, have been in the bottom half of the Premier League for the past three seasons — finishing 16th, 17th, and 15th — and are currently 16th.
Sean Dyche’s team will play second-placed Chelsea at Goodison Park on Sunday.
