Everton takeover 'close' as US billionaire worth £5.7bn steps in to save Toffees

Everton owner Farhad Moshiri is reportedly closing in on a takeover agreement with American billionaire Dan Friedkin. The cash-strapped Toffees have endured months of uncertainty while struggling to find a buyer.

US-based investors 777 Partners LLC loaned the club £200million before seeing their takeover attempt collapse earlier this year. That opened the door for rival parties to step in, and a battle soon emerged between Friedkin and Crystal Palace's majority shareholder, John Textor.

Friedkin pulled out of the race in July after holding exclusive talks with the club. But he is now back in the picture and, according to Bloomberg, in the 'advanced stages' of negotiations with Moshiri.

Textor has been open about his interest in purchasing Everton but Premier League rules would force him to sell his stake in Palace before landing at Goodison Park. Friedkin also has footballing interests away from Merseyside, having purchased AS Roma in 2020.

Everton supporters will hope that the American can replicate the silverware success he enjoyed with the Giallorossi when manager Jose Mourinho lifted the Europa Conference League in 2022.

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