Dan Friedkin could complete Everton takeover this week | OneFootball

American billionaire Dan Friedkin is on the verge of acquiring a majority stake in Everton, according to Gazzetta dello Sport.

Friedkin owns Serie A giants AS Roma and has an estimated net worth of £4.8 billion. His takeover bid could be completed tomorrow.

Farhad Moshiri’s reign is eventually coming to an end after years of controversy, with Friedkins keen to purchase 94% of the club’s shares for around €475 million.

Moshiri’s proposed sale to investment group 777 Partners fell through at the end of May after the Premier League raised several red flags regarding their finances, leaving the door open for other bidders.

Friedkin’s offer has reportedly blown others out of the water. Negotiations with A-Cap, a financial group linked to 777 Partners, and bids from several other parties have fallen short.

The takeover is a significant moment for Everton. Since he took ownership of AS Roma, he has stabilised the club.

The 59-year-old film producer brought a sense of calm to a club in turmoil after purchasing the club from James Pallotta for around €600m.

The Romans made shrewd transfer decisions and balanced their books. Under his leadership, the club has won the Europa Conference League and reached the Europa League final.

Everton fans may be cautiously optimistic about a new era of stability and success under his guidance. All eyes will be on Friedkin and how he will shape Everton’s future.