In a significant development for Everton Football Club, Blue Heaven Holdings and The Friedkin Group have confirmed that they have reached an agreement for the sale of Blue Heaven’s majority stake in the club.
This transaction, which aims to usher in a new era for Everton, is currently awaiting regulatory approval from key governing bodies, including the Premier League and the Financial Conduct Authority.
In a separate report, Farhad Moshiri’s Blue Heaven Holdings has agreed to sell its 94 per cent stake to The Friedkin Group, it has been confirmed, subject to regulatory approvals, says SkySports.
The Monaco-based British-Iranian businessman is the majority owner and board member of EPL team Everton.
Friedkin, owned by the US tycoon Dan Friedkin, is already a majority owner of the Italian club AS Roma.
Meanwhile, a statement released and posted on Monday on the club’s website and X account confirmed this.
“Blue Heaven Holdings and The Friedkin Group confirm that they have reached an agreement over the terms of the sale of Blue Heaven Holdings’ majority stake in Everton Football Club. The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority,” it noted.
A spokesperson for The Friedkin Group said: “We are pleased to have reached an agreement to become custodians of this iconic football club.
“We are focused on securing the necessary approvals to complete the transaction.
“We look forward to providing stability to the club and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.”
Everton Struggles
PUNCH Online reports that Everton have been facing significant challenges recently, including a points deduction that has impacted their battle against relegation.
In the 2023/24 season, the club was docked ten points for breaching financial fair play rules, which placed them in a precarious position in the league standings.
However, this deduction, though later reduced to six points, also intensified their struggle to avoid relegation, leading to heightened pressure on players and management.
They finished eight points above the relegation zone with 40 points from 38 games.
Currently, in the 2024/2025 season, the club has garnered 0 points from their initial four games and managed to secure a point in their last match—a 1-1 draw against Leicester City.
They are tied on one point alongside Southampton and Wolves.
Again, Everton could face a third-point deduction after further financial breaches were reportedly discovered, Goal reported in August.