£768m deal with Newcastle owners could change everything for Dan Friedkin at Everton

Newcastle United owners the Saudi Public Investment Fund could pull off a huge business deal that changes everything for soon-to-be new Everton owner Dan Friedkin.

Friedkin has entered into exclusive talks with British-Iranian billionaire Farhad Moshiri to iron out the finer points of a deal that is expected to be worth around £800m.

It is widely anticipated that, in contrast to previous takeover suitors 777 Partners, Friedkin’s acquisition will be given the green light by the Premier League without any issue.

Everton would not be the sports and media investors firs venture into the world of football – he bought Italian giants Roma for £500m in 2020.

At present, UEFA is actively clamping down on clubs under the same ownership umbrella from competing in the same European competition.

UEFA announced last week that Man City and Man United can play in the same competitions as sister clubs Girona and Nice, but only on the condition that the subsidiary clubs are placed in a blind trust.

In any case, it is believed that this is only a temporary reprieve and that more permanent measures will be introduced by UEFA from 2025-26.

While European qualification is a distant possibility for Everton presently, Friedkin’s reported prioritisation of Roma in a multi-club model would place an upper limit on the Toffees’ ambitions.

However, that issue could be resolved in one fell swoop. Enter, Newcastle owners PIF.