Everton takeover by Friedkin Group latest as crucial period approaches

The prospective new Everton owners are currently awaiting regulatory approval to complete

Everton remain on course to have new owners by Christmas. The Friedkin Group (TFG) are on track with their initial mid-December timeframe to acquire the club.

After the chastening 4-0 defeat to Manchester United at Old Trafford at the weekend, the Toffees’ struggles in the Premier League continue, and with a limited window in January to aid competitive performance, TFG remain confident that they will be the new custodians of the club in time to be impactful this season.

Back in September, wantaway Everton owner Farhad Moshiri agreed to sell his 94.1% majority shareholding in the football club to TFG after they returned to the table for talks having been put at ease over the £200m debt on the balance sheet that had been racked up during the failed takeover by the now-collapsed 777 Partners.

But Houston-based TFG, who also own Italian side AS Roma, have had to bide their time to take over due to having to gain the required regulatory approval from the Premier League, the Football Association, and the Financial Conduct Authority.