Everton takeover now very close, could involve up to £500m investment – Alan Myers

The Friedkin Group and Everton are on the verge of a takeover deal which could include an equity investment of up to £500million, according to Alan Myers.

The Sky Sports journalist posted on X (23 September) following a breakthrough in takeover talks between the club and Dan Friedkin in recent days [Bloomberg, 23 September], saying a deal is now “very close” to completion.

Friedkin, who had previously secured a share purchase agreement with Farhad Moshiri before pulling out of talks in July, could invest between £400-£500million in the form of equity into the club.

Dan Friedkin to end Everton takeover saga after bombshell update

Although Friedkin brought his share purchase agreement to an end just a matter of months ago, the Roma owner’s name has never truly dissipated from the takeover question at Goodison Park.

That’s largely thanks to the £158m loan Friedkin paid off to MSP Sports Capital during the period of his previous agreement with Moshiri, intertwining his group with the club’s complex finances.

However, with Friedkin’s US compatriot John Textor having since emerged as a front-runner to finally secure an end to Everton’s long-running, all-consuming saga, this update will come as a shock.

Friedkin may have blindsided Textor and his efforts to complete a takeover, with this situation only coming to light in recent days.

For Toffees fans, the hope will now surely be that it’s second time lucky for Friedkin’s protracted takeover and that he can finally bring the stability which has eluded the club for years on end.

In other Everton news, Jason Cundy has shared what he said about the Toffees during their 1-1 draw with Leicester on Saturday.

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