Everton supporters have been locked in takeover purgatory for years now, with Dan Friedkin’s deal to buy the club from Farhad Moshiri one among several to have been agreed.
The likes of MSP Sports Capital, 777 Partners and Crystal Palace multi-club mogul John Textor have all previously signed heads of terms with Moshiri.
But, for various reasons, all of those deals eventually fell through. A blessing in disguise, perhaps, given that Dan Friedkin is seen by many as the most credible party to have held an interest in Everton.
The American billionaire, whose wealth comes from the automotive and entertainment sectors primarily, is expected to have completed his takeover of the Toffees by Christmas.
However, that timeline is contingent on several factors.
The takeover is arguably one of the most complex in Premier League history. There are so many moving parts – legal, financial, and regulatory.
As well as the need for a resolution in the lawsuit against former lender 777 Partners and their creditors A-CAP by London-based finance firm Leadenhall, Everton also need to iron out the structure of the deal.
