Huge Everton takeover update as Premier League makes decision over Friedkin Group

EVERTON’s prolonged takeover saga has moved a huge step closer to finally ending.

American billionaire Dan Friedkin has been trying to purchase the Merseysiders for several months.

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The Premier League has made a ruling on the proposed takeover at Everton[/caption]

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Current Blues owner Farhad Moshiri has been eager to sell up shop for some time[/caption]

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American billionaire Dan Friedkin recently agreed a £800m takeover of the club[/caption]

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The Premier League has given the Friedkin Group its blessing to complete the takeover[/caption]

The Friedkin Group tabled an £800million offer for the Toffees in July but it fell apart due to the club’s debt to investment firm 777.

Talks, however, resumed in September as current owner Farhad Moshiri is keen to sell up shop and an agreement was reached.

And the Premier League has given Friedkin its blessing to purchase the club.

That’s according to Sky Sports, who claim the Friedkin Group has “secured approval” from Prem chiefs to become the club’s new owners.

And it’s claimed the Merseysiders are set to have new owners by the end of “next week”.

News of The Friedkin Group’s imminent takeover was music to the ears of the Goodison Park faithful.

One wrote on X: “Put the world on notice, my club’s back baby.”

Another said: “Good for the club.”

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Farhad Moshiri is set to suffer a massive financial loss once the takeover is completed[/caption]

And another said: “A long dream becoming true.”

One remarked: “New era, new hope.”

Another chimed in: “Absolute good.”

The Friedkin Group, who also own Serie A giants Roma, are set to acquire the entirety of Moshiri’s 94.1 per cent stake in the club.

Mosiri, 69, is set to lose a huge amount of cash in the sale.

The British-Iranian businessman purchased a 49.9 per cent stake in the club in 2016 just days after selling over £200m worth of shares to associate Alisher Usmanov.

He’s plundered hundreds of millions of pounds into the club over the last eight years.

He will, however, only walk away from his time on Merseyside with a paltry £25million.

Everton will be back in action on Saturday afternoon, travelling to the Emirates to take on Arsenal.