The club’s finances have been holding the Toffees back for years
The Friedkin Group has completed its takeover of Everton, the Premier League has confirmed (Nick Potts/PA)
The Friedkin Group has completed its takeover of Everton, the Premier League has confirmed (Nick Potts/PA)
Dan Friedkin has declared his intention to “deliver extraordinary experiences that ignite people’s passions” in an open letter to Everton fans.
The Friedkin Group, led by the Texan billionaire, today completed its takeover of the Toffees, ending the turbulent tenure of Farhad Moshiri.
The deal for 99.5% of the club is believed to be worth in excess of £400m and Everton have become the 10th club in the Premier League to enjoy majority American control.
Friedkin, who has a net worth of £6.16bn according to Forbes, has been proposed as the chairman of Everton’s board, with Marc Watts serving as executive chairman.
The Friedkin Group also own Italian Serie A club Roma and Friedkin reiterated his delight that the takeover had finally been ratified by the Premier League.
He wrote: “I take immense pride in welcoming one of England’s most historic football clubs to our global family, The Friedkin Group. Everton represents a proud legacy, and we are honoured to become custodians of this great institution.
“The Friedkin Group is a diverse family of companies with a global footprint spanning industries such as sports, automotive, entertainment, hospitality, and adventure.
“Across all our endeavours, we strive to deliver extraordinary experiences that ignite people’s passions. We are thrilled to bring this ethos to Everton and the Liverpool City Region.
“Whilst we are new to the Club, we fully understand the vital role Everton plays in local culture, history, and the lives of Evertonians here and around the world.
“We are deeply committed to honouring this legacy while contributing positively to the community, economy, and people of this remarkable city.”