Half of the Premier League is under majority American ownership after Texas-based Friedkin Group completed its 98.8% purchase of Everton on Thursday.
The takeover ended Farhad Moshiri's turbulent eight-year tenure at the storied English club, which joins the Friedkins' wide-ranging portfolio of investments that includes Italian team Roma. The size of the deal was undisclosed but the BBC and other British media valued it in excess of 400 million pounds .
The Toffees, as they are nicknamed, are 16th in the 20-team league approaching the halfway mark of this season.Arsenal, Aston Villa, Bournemouth, Chelsea, Fulham, Crystal Palace, Ipswich, Liverpool and Manchester United are majority owned by Americans. Manchester City has minority U.S. investors in Silver Lake.
The club's finances were particularly hit in March 2022 when Everton announced it halted its major sponsorship with companies belonging to Russian metals tycoon Alisher Usmanov, a business partner of Moshiri, after he was sanctioned by the European Union in the wake of Russia’s invasion of Ukraine. Earlier, a proposed takeover of Everton by 777 Partners collapsed amid worries about the financial stability of the company.
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