Everton are on the brink of a new era after Tte Friedkin Group (TFG) secured approval from the Premier League to become the club’s new owners.
The Toffees have struggled badly in the past few years, both on and off the pitch. They have been fighting for survival and have had to sell their top players to rival clubs.
Farhad Moshiri sold his shares to TFG in September, and the takeover has been subject to the regulatory process since then.
Journalist Alan Myers has shared that they have received approval from the Premier League, and it is expected to be finalised next week.
Everton will be in a better place under the new owners
The company, led by American billionaire Dan Friedkin, was close to buying shares last summer, but it pulled out due to concerns over loans the club had taken from 777 Partners.
Both 777 and ACAP are subject to various legal proceedings in the US, but that won’t stop the takeover from going through.
Friedkin, who also owns AS Roma, will be expected to make gradual changes at Everton and take the club back to where it belonged. It won’t be easy, but the future looks bright.
Everton will move into a new stadium next season, and there is a lot of excitement around it.
The primary objective will be to secure Premier League safety this season.
Manager Sean Dyche needs help, and the new owners can arrange funds for him to buy a few good players that could help the club climb up the table.
Everton will face Arsenal at the Emirates Stadium on Saturday in the Premier League.
