Author: BBC Sport
Shamoon HafezBBC Sport football news reporter
- 14 June 2024, 18:31 BST
Updated 6 minutes ago
The Friedkin Group has agreed a deal in principle to complete a takeover of Everton, BBC Sport understands.
Chairman Dan Friedkin, who also owns Roma, is now strong favourite to purchase the Toffees after jumping ahead of four other bidders.
A decision over whether Friedkin wants to exercise the option of buying current owner Farhad Moshiri’s 94% stake could come by the weekend.
American businessman Friedkin, who has a reported net worth of £4.8bn, wants Serie A side Roma and Premier League club Everton to sit at the top of a multi-club model.
Moshiri is now expected to grant the group a period of exclusivity.
Friedkin has moved in front of four rival bidders, including UK-based investment firm Vici Private Finance, MSP Sports Capital, local businessmen Andy Bell and George Downing and a consortium involving a Saudi royal.
Everton were docked eight points in total last season for breaching Premier League financial rules.
They must comply with the Premier League’s profit and sustainability rules by the end of this month.
They are also due to make a payment to US-based firm MSP, who are one of Friedkin’s rival bidders having loaned the club around £158m.
More to follow.