Dan Friedkin and the Friedkin Group’s takeover of Everton is expected to be made official in the coming days.
While English media predicted the announcement to come through today, La Gazzetta dello Sport reveals that there is still more time needed for all the formalities to be sealed.
It will probably take a few more days to sort out some technicalities and complete the very last stages of due diligence, writes the Italian newspaper.
The bottom line, however, does not change: Dan Friedkin will be the new owner of Everton, effectively purchasing 45% of the majority stake in the club (equal to 94% of Blue Heaven Holdings Limited), currently in the hands of the Iranian entrepreneur Farhad Moshiri.
The Friedkin Group’s great adversary in the race for Everton’s acquisition was the entrepreneur of Lebanese origin Vatche Manoukian, head of a group of investors which also included – within it – the Saudi royal family.
In the last few hours, Manoukian practically admitted defeat, effectively leaving the field open to Dan Friedkin.
“Everton fans deserve to compete for trophies again and we hope this deal will lead to success for the club on and off the pitch,” said Manoukian.
