The drama surrounding Everton's takeover is about to come to an end as US millionaire Dan Friedkin has agreed to purchase the team. This occurs two months after The Friedkin Group's proposed £800 million acquisition of the Toffees collapsed due to worries regarding the team's debt to Miami-based investment group 777.
The debt, which was reportedly worth £200 million, was allegedly the result of multiple loans the team took out from the company last season. But over the weekend, negotiations between The TFG and outgoing owner Farhad Moshiri quickened, and a deal was reached. Now, the American is expected to surpass Moshiri's 94.1% ownership of the team.However , the deal needs to be approved by the Premier League, the Financial Conduct Authority, and the Football Association