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The Friedkin Group have moved closer to securing a majority 94% stake in Everton after being granted an exclusivity agreement by club owner Farhad Moshiri.
The US-based firm will undertake due diligence on the club and a deal is subject to passing the Premier League’s owners’ and directors’ test, as well as gaining approval from the FA and Financial Conduct Authority.
Chairman Dan Friedkin, who also owns Roma, has a reported net worth of £4.8bn and he was keen to add a Premier League club to sit at the top of his multi-club model.
