The Friedkin Group has officially taken over Everton Football Club from Farhad Moshiri. The acquisition, valued at over £400 million, makes Everton the 10th Premier League club with majority American ownership. The agreement was initially reached in September but awaited Premier League regulatory approval. Dan Friedkin, who also owns Roma and has a net worth of £6.16 billion according to Forbes, now leads Everton.

Currently, Everton is positioned 16th in the Premier League standings, just three points clear of relegation. Dan Friedkin is expected to become the new chairman of Everton. Marc Watts will assume the role of executive chairman, overseeing club management.In an open letter, Friedkin expressed his enthusiasm about joining one of England's most storied football clubs. "I take immense pride in welcoming one of England's most historic football clubs to our global family," he stated. He emphasised the importance of respecting Everton's rich history and its significance to fans worldwide.Friedkin also highlighted their commitment to positively impacting the local community and economy. "Whilst we are new to the club, we fully understand the vital role Everton plays in local culture, history, and the lives of Evertonians here and around the world," he added.The transition marks a significant change for Everton as they aim to build on their legacy under new leadership. The focus will be on maintaining their heritage while fostering growth within the club and its surrounding community.