Everton confirm takeover by American billionaire Dan Friedkin
The IndependentSign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Friedkin Group have completed their takeover of Everton by buying former owner Farhad Moshiri’s 94.1 percent stake 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 acquiring the club through Roundhouse Capital Holdings Limited, a subsidiary of TFG. By reducing the debt and turning some of it into equity, Everton and TFG took proactive steps because of the Premier League’s new shareholder loan regulations, which can affect PSR calculations. Friedkin has however acted by appointing Marc Watts executive chairman of the club and adding TFG’s chief financial officer Ana Dunkel to the Everton board, along with interim chief executive Colin Chong.