Everton takeover by Friedkin Group completed as Moshiri era is ended

• US company buying 98.8% stake in Merseyside club
• ‘Exciting new era’ promised after deal worth about £500m

The Friedkin Group has completed its takeover of Everton and brought the turbulent era of Farhad Moshiri to an end.

The US company (TFG), owned by the Texas billionaire and proposed new Everton chairman Dan Friedkin, agreed a complex deal to purchase Moshiri’s 94.1% shareholding in September. Through its entity Roundhouse Capital Holdings Limited it has acquired 98.8% of the shares in Everton and converted the club’s short-term debt to equity.

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