Everton fans can finally start to get excited about getting a new owner in place.
The Friedkin Group (TFG) are on course to get approval from the regulatory board, and there’s only one “real hurdle” left to overcome.
According to journalist Matt Slater of The Athletic, the Texas-based owners, who have already agreed a deal with Farhad Moshiri, have already started making plans for the Toffees.
The only hurdle now remains to settle the deal of £200 million debt owed by one of Moshiri’s holding companies to 777 Partners.
The 777 Group, who made an attempt to buy the Toffees, are on the verge of liquidation.
As it stands, TFG need to repay the debt to an American insurance firm, A-Cap, but they have been sued by a British investment company called Leadenhall.
While A-Cap cannot do any business without Leadenhall’s approval, there is optimism that the problem will be resolved.
Everton need fresh direction
Unless there is a historic collapse, the TFG should receive the green signal sometime in the next few months.
Many have speculated about Sean Dyche’s future once the takeover is completed. At this moment, Dyche is doing a fantastic job, and there’s no need for a major change.
The Toffees started the season poorly, losing their opening four games in the Premier League.
However, they have gradually bounced back, winning two of their last four games and drawing the other two.
The issue with 777 Partners was the primary reason why TFG first backed away from the deal when they were under an exclusivity period.
Crystal Palace co-owner John Textor then registered interest in buying the Toffees, but the Friedkin Group moved quickly last month to secure an agreement with Moshiri.
They are one of the wealthiest business groups and are owners of the Serie A club AS Roma. They have experience managing a top-level club, and Everton would benefit under their leadership.
