Tuesday briefing: Dan Friedkin reaches agreement for Everton takeover

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The Friedkin Group, owned by American billionaire Dan Friedkin, has reached an agreement to acquire a majority stake in Everton Football Club.

The deal comes two months after Friedkin stepped away from negotiations to purchase Farhad Moshiri’s 94.1 per cent shareholding in the club, amidst concerns over legal issues surrounding loans owed by the club.

The American nevertheless loaned Everton £200 million at the time and retained a vested interest in the club via that investment.

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