Would you like to receive notifications on latest updates of the following headlines?

Everton confirm club sale to US group

POSTED ON September 23, 2024 •   Sports      BY Abiodun Saheed Omodara
Everton football club logo

Everton Football Club has announced that Blue Heaven Holdings and The Friedkin Group have reached an agreement for the sale of Blue Heaven's majority stake in the club.

This transaction, which seeks to initiate a new chapter for Everton, is presently awaiting regulatory approval from key governing entities, including the Premier League and the Financial Conduct Authority.

In a separate report, Farhad Moshiri’s Blue Heaven Holdings has agreed to sell its 94 per cent stake to The Friedkin Group, it has been confirmed, subject to regulatory approvals, says SkySports.

The Monaco-based British-Iranian businessman is the majority owner and board member of EPL team Everton.

Friedkin, owned by the US tycoon Dan Friedkin, is already a majority owner of the Italian club AS Roma.

Meanwhile, a statement released and posted on Monday on the club’s website and X account confirmed this.

“Blue Heaven Holdings and The Friedkin Group confirm that they have reached an agreement over the terms of the sale of Blue Heaven Holdings’ majority stake in Everton Football Club. The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority,” it noted.

A spokesperson for The Friedkin Group said: “We are pleased to have reached an agreement to become custodians of this iconic football club.

“We are focused on securing the necessary approvals to complete the transaction.

“We look forward to providing stability to the club and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.”

Everton have been grappling with substantial obstacles, including a points penalty that has affected their fight to avoid relegation.

In the 2023/24 season, the club was deducted ten points. for breaching financial fair play rules, which placed them in a precarious position in the league standings.

However, this deduction, though later reduced to six points, also intensified their struggle to avoid relegation, leading to heightened pressure on players and management.

They finished eight points above the relegation zone with 40 points from 38 games.

Currently, in the 2024/2025 season, the club has garnered 0 points from their initial four games and managed to secure a point in their last match—a 1-1 draw against Leicester City.

They are tied on one point alongside Southampton and Wolves.

Again, Everton could face a third-point deduction after further financial breaches were reportedly discovered, Goal reported in August.

 

 

READ ALSO
Atlético de Madrid Secures First Win in FIFA Club World Cup with 3-1 Victory
BY Abiodun Saheed Omodara June 20, 2025 0

Spanish football giant, Atlético de Madrid, has secured their first three points of the Feder...

READ ALSO
Messi Scores 50th Goal for Inter Miami in Historic Club World Cup Victory
BY Abiodun Saheed Omodara June 20, 2025 0

Argentine forward, Lionel Messi, scored his 50th goal for the United State football club, Inter Miam...

READ ALSO
Nigerian Boxers Shine with Four Bronze Medals at Championship in Morocco
BY Abiodun Saheed Omodara June 20, 2025 0

Nigeria's Armed Forces are vying for their first gold medal at the 6th African Military Boxing Champ...

READ ALSO
Finidi George Leads Rivers United into 2025/26 Season Training Camp
BY Abiodun Saheed Omodara June 19, 2025 0

Rivers United's coach, Finidi George, has motivated his players as the Port Harcourt-based team kick...

READ ALSO
Moses Simon Completes Move to Paris FC for €7 Million
BY Abiodun Saheed Omodara June 19, 2025 0

As reported by French news source Foot Mercato, Paris FC, a newly-promoted team in French Ligue 1, h...

READ ALSO
Osimhen's Impressive Loan Spell Fuels Transfer Speculation
BY Abiodun Saheed Omodara June 19, 2025 0

Nigerian international Victor Osimhen remains at the center of significant transfer rumors, with Ita...

READ ALSO
Samuel Chukwueze Faces Uncertain Future at AC Milan Amid Transfer Speculation
BY Abiodun Saheed Omodara June 18, 2025 0

The winger for the Super Eagles,Samuel Chukwueze,finds himself in a precarious position at AC Milan...

READ ALSO
Tottenham Hotspur Eyes Raphael Onyedika as Summer Transfer Target
BY Abiodun Saheed Omodara June 18, 2025 0

Tottenham Hotspur is in the running to acquire midfielder Raphael Onyedika from Club Brugge, heighte...

OUR CHANNELS:

Tanzania,  Nigeria Lead Africa in Rising Fraud Rates- Report
BY Abiodun Saheed Omodara June 21, 2025 0

Tanzania and Nigeria have emerged as the leading countries in Africa for higher fraud rates, accordi...


Osun Raises Alarm Over Alleged Fund Diversion by CBN and AGF
BY Abiodun Saheed Omodara June 21, 2025 0

OSUN, Nigeria - The Osun State Government has expressed concern about a purported attempt by the Cen...


Nigeria Police Link Schoolgirl Cannabis Clip to Zimbabwe
BY Abiodun Saheed Omodara June 21, 2025 0

The Nigeria Police Force has addressed a widely circulated video on WhatsApp and social media, which...


Tinubu to Launch Multiple Development Projects Today in Kaduna
BY Abiodun Saheed Omodara June 21, 2025 0

KADUNA, Nigeria - President Bola Tinubu is anticipated to arrive in Kaduna State today for the inaug...


Tinubu Assembles High-Level Committee After Benue Tragedy
BY Abiodun Saheed Omodara June 21, 2025 0

President Bola Tinubu announced the formation of a committee on Wednesday aimed at restoring sustain...


Finidi George Leads Rivers United into 2025/26 Season Training Camp
BY Abiodun Saheed Omodara June 21, 2025 0

Rivers United's coach, Finidi George, has motivated his players as the Port Harcourt-based team kick...


Moses Simon Completes Move to Paris FC for €7 Million
BY Abiodun Saheed Omodara June 19, 2025 0

As reported by French news source Foot Mercato, Paris FC, a newly-promoted team in French Ligue 1, h...


Osimhen's Impressive Loan Spell Fuels Transfer Speculation
BY Abiodun Saheed Omodara June 21, 2025 0

Nigerian international Victor Osimhen remains at the center of significant transfer rumors, with Ita...


NDLEA Calls for Collective Action Against Drug Abuse in Nigeria
BY Abiodun Saheed Omodara June 20, 2025 0

The National Drug Law Enforcement Agency (NDLEA) has urged Nigerians and state governments to take r...


Tor Tiv Urges President Tinubu to Foster Lasting Peace in Benue State
BY Abiodun Saheed Omodara June 19, 2025 0

The Tor Tiv, Prof. James Ayatse, expressed that President Bola Tinubu has the ability to bring lasti...


More Articles

Load more...

Menu