Sports lawyer Daniel Geey explains the next steps for the prospective new Everton owners
Prospective new Everton owners, The Friedkin Group, are now in the process of gaining regulatory approval. The US firm agreed a deal to acquire Farhad Moshiri ’s majority shareholding on Monday.
“It is pretty unusual for there to be a press release and it being subject to approval unless they were pretty far down the line and feeling pretty confident that this was going to happen.” The long-doomed bid by 777 Partners to purchase Everton was held up due to the Premier League having concerns over the Miami-based company’s suitability and inability to provide proof of funds.
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