The Friedkin Group is in advanced discussions for a takeover of Everton after resuming talks with Toffees majority shareholder Farhad Moshiri. This news comes after a long and complex saga involving several potential buyers, including 777 Partners and American businessman John Textor.

The Friedkin Group, led by Chairman Dan Friedkin, who also owns Serie A side Roma, had initially agreed a deal in principle to purchase Moshiri’s 94% stake in June. However, talks were called off a month later when the two parties failed to finalize an agreement. This followed Miami-based 777 Partners being unable to complete a deal earlier in the year.

In August, Textor, the owner of Lyon, announced that he was granted a "qualified period of exclusivity" to negotiate a takeover of Everton. He expressed his ambition to become the new owner, comparing it to becoming the president of the United States and revealing a deadline of November 30 to complete his acquisition.

However, his 45% shareholding in Crystal Palace posed a significant obstacle, as Premier League rules prohibit individuals from owning more than one team. Despite this challenge, Textor was optimistic about his chances, acknowledging the possibility of being outbid but emphasizing his exclusivity period.

The Friedkin Group’s re-emergence as a potential buyer has complicated matters further. They are already a lender to Everton, having injected £200m, and their loan could be converted to equity as part of any deal. Their initial attempt to purchase Everton in June was reportedly stalled by legal action faced by 777 Partners in the US. However, the involved parties disputed this claim, stating that the filing was made public well in advance of their takeover bid.

With both Friedkin and Textor vying for ownership, Everton’s takeover saga continues to unfold, leaving fans unsure about the future of their beloved club. The Friedkin Group’s involvement adds another layer of complexity, as their potential takeover would depend on the outcome of negotiations with Moshiri and the resolution of their existing loan agreement.

While the future remains uncertain, one thing is clear: Everton’s financial struggles, their new stadium project, and their on-field performance have made them an attractive prospect for ambitious investors. The race to secure ownership is likely to continue, with fans hoping for a swift resolution that will provide stability and a brighter future for the club.

The Friedkin Group: A Multi-Club Model?

In June, Friedkin had expressed his desire to build a multi-club model with Roma and Everton at its core. This vision, however, has yet to materialize. Roma, like Everton, has had a turbulent start to the season. Fans protested after manager Daniele De Rossi was sacked just four games into the new campaign, and Chief Executive Lina Souloukou resigned on Sunday.

Despite these challenges, the Friedkin Group remains a powerful entity. Estimates suggest they are worth around $6 billion. Their vast wealth, coupled with their experience in the sports industry, makes them a serious contender to acquire Everton.

John Textor's Challenges

Textor has made no secret of his desire to own Everton. However, his efforts have been hindered by his existing stake in Crystal Palace. Premier League regulations require him to sell his shares in the London club before he can proceed with a takeover of Everton.

Despite these hurdles, Textor remains confident and has even compared the opportunity to becoming the President of the United States. He has also expressed a preference for Everton to remain at Goodison Park rather than relocate to the new stadium at Bramley-Moore Dock.

The Future of Everton

Everton’s recent on-field struggles have only added to the uncertainty surrounding the club. Sean Dyche’s side are currently joint-bottom of the Premier League and yet to win this season. With the takeover saga continuing, there is a sense of unease among fans. They are eager for a resolution that will bring stability and a sense of direction to the club.

The Friedkin Group’s re-emergence in the race is a significant development. Their previous attempt to acquire Everton was thwarted by unforeseen circumstances, but they now appear to be serious contenders. Textor’s bid, however, remains a possibility, but it is dependent on his ability to divest his shares in Crystal Palace.

The outcome of this ongoing takeover saga remains unclear. But one thing is certain: Everton’s future will be determined by the decisions made by the club’s current owner and the potential buyers vying for ownership.

The End of the Road?

The Everton takeover saga has been a rollercoaster ride for fans, filled with hope, disappointment, and a constant sense of uncertainty. With multiple potential buyers entering and exiting the race, it’s been difficult for supporters to know what to expect next.

Now, as the Friedkin Group and John Textor prepare to fight for control, it feels like we are reaching a turning point. The outcome of these negotiations will have a profound impact on Everton’s future, defining their direction for years to come. Will it be a new era of prosperity under Dan Friedkin’s leadership or will John Textor’s vision prevail? Only time will tell.