In terms of several facets of its organization, Everton is a club that is now in transition.
But it seems like this summer is going slowly because their 2024–25 Premier League schedule has only recently been made public, and their kit hasn’t even been officially released despite leaks.
This is no greater exemplified than through their lack of transfer action, which is naturally scuppered by their many financial restrictions and an ongoing takeover.
That being the biggest frustration is justified, but it is one that could well be solved in the coming months, should that proposed takeover go through.
When Dan Friedkin will take over Everton
With Saudi-backed consortiums and a Evertonian-led alternative seemingly set to battle it out for the mantle of new owner, both were seemingly too intent on warding off each other to notice Dan Friedkin sneaking through.
The American, who became owner of AS Roma in 2020, has emerged as the outstanding frontrunner, and is now expected to win the race.
However, that has been well-documented for some time now, and yet we are still yet to see any movement on that front.
Fortunately, courtesy of a report from Italian outlet La Gazzetta dello Sport (via Sport Witness), an announcement can be expected in the coming days.
The report reads: ‘Dan Friedkin’s potential takeover at Everton will probably take a few more days to sort out before an announcement can be made.’
They then claim that ‘there are final ‘technicalities’ and the ‘very last stages of due diligence’ to overcome before an announcement can be made.
‘The outline of the deal for the American to buy Everton from Moshiri is in place, though, with him set to buy 45% of the club and 94% of Blue Heaven Holdings Limited.
‘The total valuation of the purchase should be around €650m, with around €400m of that to cover the debts currently at the club.’
The sooner the better for Everton
As aforementioned, this protracted takeover is ensuring that everything at Everton stays at a standstill.
After all, no big decisions can really be made until the new owner gets in, given that Farhad Moshiri seemingly no longer cares about the Toffees, and Friedkin is not officially in charge.
Limbo is the best way to describe their position, and it is refreshing to finally get some kind of update on a time frame.
Especially given how long fans were forced to wait nearly ten months just to see 777 Partners fail in their attempts to acquire Everton.
Hopefully, for both Friedkin’s and the club’s sake, this is a far more streamlined process. His £4.8bn net worth should help with that, though.
