It has been announced that Blue Heaven Holdings, owned by Farhad Moshiri, has decided to sell The Friedkin Group its 94% stake, pending regulatory approvals.
The Premier League club’s investor loan structure had caused the business to initially lose interest in Everton during the summer.
On Monday, however, a representative of The Friedkin Group declared, “We are happy to have reached an agreement to become custodians of this legendary football club.”
“Our main goal is to obtain the approvals required to finish the acquisition. We’re excited to give the club stability and to share our goals for its future, which include completing.
Still, the agreement needs to clear a number of requirements set by the Football Association, the Premier League, and the Financial Conduct Authority.
The sale process would come to an end if the agreement is approved, which is likely to be welcomed by the supporters of the beleaguered club.
Due to point sanctions for previous financial rule violations, Everton had a brief season in the Premier League.
The Toffees have only one point from their five games, which puts them in 19th place in 2024–25.
