The Friedkin group takeover of Everton has collapsed: https://www.skysports.com/football/news/11671/13180901/everton-takeover-latest-friedkin-group-end-talks-as-toffees-now-explore-alternative-options The American investors had agreed a £500m deal to buy the club from Farhad Moshiri but withdrew on Thursday evening. Friedkin had already paid £200m to help complete the building on Everton’s new stadium at Bramley Moore Dock but dramatically decided against going through with a transaction that would have seen them purchase the 94% stake currently held by Moshiri’s Blue Heaven Holdings. It was a surprising move and left those involved in the deal shocked. The club and potential investors had entered an exclusivity period spearheaded by the Texan billionaire Dan Friedkin last month that sought to end Moshiri’s long-running attempts to sell up. The British-Iranian businessman had previously agreed a deal with 777 Partners only for that takeover to collapse in May.. It is believed Friedkin
West Bromwich Albion had effectively been in decline ever since the club was sold to a Chinese consortium in August 2016, paying a figure north of £200m to buy former owner Jeremy Peace’s stake. Controlling shareholder Guochuan Lai’s ownership was fairly disastrous for the club, but his unloved tenure finally came to an end after Bilkul Football WBA, a company ultimately owned by Florida-based entrepreneur Shilen Patel and his father Dr Kiran Patel, acquired an 87.8% shareholding in West Bromwich Albion Group Limited, the parent company of West Bromwich Albion Football Club. This change in ownership was urgently required, due to the numerous financial problems facing West Brom, including growing high-interest debt and serious cash flow concerns, following years of no investment from the former owner. Indeed, West Brom’s auditors had already rung the alarm bell in the 2021/22 accounts when they cast doubt on the club’s ability to continue as a going concern without making player s