Source: REUTERS/Jason Cairnduff
[Saba Sports News] According to British media reports, Dan Friedkin’s acquisition of Everton is expected to be completed next week. Last summer, the Friedkin Group, led by American billionaire Dan Friedkin, sought to acquire Everton but withdrew from the deal due to concerns over loans to other investors. However, in recent months, the deal has been revived. Since reaching an agreement to acquire 94.1% of the club’s shares from the current owner, the Friedkin Group has been waiting for regulatory approval for their acquisition. Reports state that the Premier League has approved the agreement between the current owner’s Blue Sky Holdings and the Friedkin Group, and the deal may be signed and announced next week. It is worth noting that currently, nine of the 20 Premier League teams are owned by American investors. Undoubtedly, the Premier League is the UK government’s most successful “export product” and the most successful “investment attraction platform”—189 of the 193 UN member countries broadcast Premier League matches. In May of this year, the Premier League also released data showing that 1.87 billion viewers globally follow the league, with 900 million households able to watch it. So it’s no surprise that North American investors are so keen on the Premier League.