The Friedkin Group dramatically pull out of potential takeover of Everton
American investors all set to buy club for £500mFriedkin has paid £200m to help build new stadium
The Friedkin Group has pulled out of a potential takeover of Everton. The American investors had agreed a £500m deal to buy the club from Farhad Moshiri but withdrew on Thursday evening.
Friedkin had already paid £200m to help complete the building on Everton’s new stadium at Bramley Moore Dock but dramatically decided against going through with a transaction that would have seen them purchase the 94% stake currently held by Moshiri’s Blue Heaven Holdings. It was a surprising move and left those involved in the deal shocked. The club and potential investors had entered an exclusivity period spearheaded by the Texan billionaire Dan Friedkin last month that sought to end Moshiri’s long-running attempts to sell up. The British-Iranian businessman had previously agreed a deal with 777 Partners only for that protracted takeover to collapse in May.
