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The Independent UK
The Independent UK
Sport
Richard Jolly

American billionaire Dan Friedkin seals Everton takeover and begins tackling club’s failing finances

Everton have been bought out by American owners - (Richard Sellers/PA Wire)

The Friedkin Group have completed their takeover of Everton by buying former owner Farhad Moshiri’s 94.1 per cent shareholding and have promised to bring financial stability to the Merseyside club and strengthen their squad as they bid to revive their fortunes.

The Texan billionaire Dan Friedkin is set to become Everton’s new chairman after taking a 99.5 stake per cent in the club through Roundhouse Capital Holdings Limited, a subsidiary of TFG. The deal was given the approval of the Premier League, the FA, the Women’s Professional Football Leagues and the Financial Conduct Authority.

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