LIVERPOOL, England (AP) 鈥� The Texas-based Friedkin Group completed its 98.8% purchase of Everton on Thursday, adding the storied Premier League club to its wide-ranging portfolio of investments including Italian team Roma.
It ends a long period of huge uncertainty at Everton, a nine-time English champion which has been an ever-present in the top division since 1954 but is without a major trophy since 1995.
Fronted by Dan Friedkin and his son Ryan, the group has investments in the automotive industry, entertainment, hospitality and sports. The Friedkins made a fortune distributing Toyotas in Texas.
They take over from Everton鈥檚 majority shareholder, Farhad Moshiri.
The Premier League said the purchase was approved following the completion of its owners鈥� and directors鈥� test.
Everton is 16th in the 20-team league.
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AP soccer:
The Associated Press
