A general view of a corner flag at Goodison Park before the Premier League match between Everton FC and Fulham FC at Goodison Park on April 15, 2023 in Liverpool, England
Everton have been taken over by The Friedkin Group
Sean Dyche will not be under immediate threat from new Everton owners The Friedkin Group after the consortium completed their buy-out of the Blues.
Roundhouse Capital Holdings Limited (Roundhouse), which is an entity within The Friedkin Group, have bought Farhad Moshiri’s 94.1 per cent stake in the club. The club are not putting a figure on the takeover and say all the club’s various debts have been converted to long-term debts.
American billionaire Dan Friedkin, who also owns Roma, will stick by Dyche as he battles to keep Everton in the top flight ahead of their move to their new stadium at Bramley Moore Dock.
Friedkin will also stick with director of football Kevin Thelwell, who has significantly reduced the club’s transfer spending and wage bill with Dyche.
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The focus will be on maintaining the club’s position in the Premier League and the Blues are 16th, three points above the relegation zone.
Dan Friedkin, chairman and CEO of TFG is proposed to be Chairman of the Board. He has appointed Marc Watts to serve as Executive Chairman, who will be responsible in this role for the management of the club. Ana Dunkel, TFG’s Chief Financial Officer and Colin Chong, the Club’s interim CEO will also serve on the Board. Additional appointments will be made in the coming weeks.
Representatives from TFG will be present at Goodison Park for Everton’s next game against Chelsea on Sunday and the club hope to confirm who in the coming days.
Farhad Moshiri
Farhad Moshiri has sold his majority stake in the club ( Image: PA)
Watts says TFG want to bring some much-needed stability to the club after last season’s points deductions for failing PSR regulations. “Today marks a momentous and proud occasion for The Friedkin Group as we become custodians of this iconic football club,” he said.
“We are committed to leading Everton into an exciting new era both on and off the pitch. Providing immediate financial stability to the club has been a key priority, and we are delighted to have achieved this.
“While restoring Everton to its rightful place in the Premier League table will take time, today is the first step in that journey.”
Moshiri could not deliver success despite spending big and has been looking to sell his shares for some time. He said: “I truly believe that the transaction with The Friedkin Group is the best outcome for the club and its future success.
“There has been a huge team effort in getting to this stage and I would like to personally thank my board colleagues John Spellman and Colin Chong and all the senior management team including Katie, James, Richard and of course Kevin and Sean for their huge commitment to the club.
“Despite a challenging geopolitical backdrop, a significant amount has been achieved over the last couple of years including the delivery of a new sporting department, the stabilisation of our finances and the delivery of our iconic new stadium.
“I now hand over to new owners confident in the outlook for the club and that our incredible fans will see the success on the pitch that they so thoroughly deserve.”
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