Dan Friedkin completes Everton takeover, just announcement missing

Dan Friedkin has completed his takeover of Everton, with the only thing missing being an official announcement according to Il Messaggero.

Writing on their official website (16 June), the Italian news outlet report that the American has agreed a deal worth £550 million with the club’s £400 million-plus debt also being covered by the group.

Farhad Moshiri had seen a deal with 777 Partners collapse [BBC Sport, 1 June], but he has since identified Roma owner Friedkin as his preferred buyer for a new deal which will see him part ways with his 94% stake in the Toffees [Sky Sports, 14 June].

Everton set for a new future under Dan Friedkin

It has been a long time coming for Everton, with Moshiri clearly not the man that the fans want or that the club need to take them forward.

It was clear that 777 Partners were not those people either, which made the fact that a deal between the two parties dragged on for the best part of a year even more frustrating.

However, the club have moved quickly to entertain new bidders for the club in recent weeks and a deal has been able to be struck much quicker.

Friedkin’s worries are far less obvious than 777’s and with the American already owning AS Roma in Serie A, there is unlikely to be any issue with his passing the FA and Premier League processes to complete a deal.

The future of the club can finally be seen and it looks bright, and with the summer transfer window now in full swing too it couldn’t have come at a better time either.