JUST IN: its a New Era for a renewed leadership after a successful Takeover, could this Target be archived?

Italian news outlet reports on their official website (16 June) that the American group has agreed to a £550 million deal with Everton, which includes covering the club’s £400 million-plus debt.

Farhad Moshiri’s previous deal with 777 Partners fell through [BBC Sport, 1 June], but he has now identified Roma owner Dan Friedkin as his preferred buyer. This new agreement will see Moshiri sell his 94% stake in Everton [Sky Sports, 14 June].

Everton Set for a New Era Under Dan Friedkin
Everton fans have long awaited a change, as Moshiri has not met their expectations for the club’s progress.

The collapse of the deal with 777 Partners, which dragged on for nearly a year, added to the frustration.

However, the club has swiftly sought new bidders, leading to a quicker agreement.

Friedkin, who also owns AS Roma, is expected to smoothly pass the FA and Premier League approval processes, unlike the concerns surrounding 777 Partners.

With the summer transfer window in full swing, this deal comes at an opportune time, and the future of Everton now looks promising.