Sport nationFormer Everton chief Keith Wyness has provided a significant update on the proposed takeover of the club by Dan Friedkin’s group, revealing that he expects the deal to be completed before the end of the transfer window. Wyness, who served as CEO at Goodison Park between 2004 and 2009, shared his insights on the latest edition of Football Insider’s Inside Track podcast.
Wyness expressed his optimism that the due diligence process, currently underway, will be completed soon, paving the way for the takeover to be finalized. He acknowledged that while the deal is not yet done, the silence surrounding the negotiations suggests that progress is being made.
The Friedkin Group has agreed to take on Farhad Moshiri’s 94.1% stake in Everton, following the collapse of 777 Partners’ bid. The US firm is now conducting its due diligence, which involves scrutinizing the club’s accounts and history. Wyness believes that the necessary paperwork has likely already been filed with the Premier League, which will need to approve the takeover under its owners’ and directors’ test.
Wyness emphasized that the Friedkin Group’s experienced team has conducted due diligence on major clubs before and understands the football landscape. He anticipates that once the due diligence is complete, the Premier League’s approval process will be straightforward.
The former Everton chief hopes that the takeover will be completed by the end of the transfer window or at the start of the new season, which would be a significant boost for the club. Wyness’s optimism suggests that the deal is progressing smoothly, and Everton fans can expect a positive announcement in the coming weeks.
In related news, West Ham and Everton are reportedly vying to sign a Serie A star, highlighting the clubs’ ambition to strengthen their squads ahead of the new season. As the transfer window continues to unfold, Everton fans will be eagerly watching to see if the takeover is completed and how it will impact the team’s transfer activity.Former Everton chief Keith Wyness has provided a significant update on the proposed takeover of the club by Dan Friedkin’s group, revealing that he expects the deal to be completed before the end of the transfer window. Wyness, who served as CEO at Goodison Park between 2004 and 2009, shared his insights on the latest edition of Football Insider’s Inside Track podcast.
Wyness expressed his optimism that the due diligence process, currently underway, will be completed soon, paving the way for the takeover to be finalized. He acknowledged that while the deal is not yet done, the silence surrounding the negotiations suggests that progress is being made.
The Friedkin Group has agreed to take on Farhad Moshiri’s 94.1% stake in Everton, following the collapse of 777 Partners’ bid. The US firm is now conducting its due diligence, which involves scrutinizing the club’s accounts and history. Wyness believes that the necessary paperwork has likely already been filed with the Premier League, which will need to approve the takeover under its owners’ and directors’ test.
Wyness emphasized that the Friedkin Group’s experienced team has conducted due diligence on major clubs before and understands the football landscape. He anticipates that once the due diligence is complete, the Premier League’s approval process will be straightforward.
The former Everton chief hopes that the takeover will be completed by the end of the transfer window or at the start of the new 4b6zson, which would be a significant boost for the club. Wyness’s optimism suggests that the deal is progressing smoothly, and Everton fans can expect a positive announcement in the coming weeks.
In related news, West Ham and Everton are reportedly vying to sign a Serie A star, highlighting the clubs’ ambition to strengthen their squads ahead of the new season. As the transfer window continues to unfold, Everton fans will be eagerly watching to see if the takeover is completed and how it will impact the team’s transfer activity.
Sport nation
Amina Umar
Sport Nation 2