Everton have confirmed the completion of their takeover by The Friedkin Group with new chairman Dan Friedkin boasting a higher net worth than Liverpool owner John W Henry
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Dan Friedkin
Dan Friedkin is the new Everton owner
Everton have new owners and the wealth of chairman Dan Friedkin surpasses that of Liverpool owner John W Henry.
An initial agreement between Everton and The Friedkin Group was reached in June but fell through a month later. However, the deal was revived and finalised in September. This isn't Friedkin's first venture into football, having been owner and president of Roma since 2020.
The Premier League approved the takeover on Thursday, which had already been given the green light by the FA, Women's Professional Leagues Limited and Financial Conduct Authority. This marks the end of Farhad Moshiri's eight-year tenure, with Friedkin set to take over as chairman of the board. Here's a closer look at the new owner's net worth.
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Dan Friedkin net worth
According to Forbes, Friedkin boasts a net worth of £6.25bn ($7.9bn). The 59-year-old became CEO of Gulf States Toyota and TFG when his father, Thomas, retired in 2000.
In 2023, Gulf States Toyota sold cars worth £8.6bn, holding exclusive rights to sell Toyotas in Texas, Arkansas, Louisiana, Mississippi, and Oklahoma. The American businessman became chairman of Auberge Resorts Collection in 2013, a company boasting a collection of luxury resorts and hotels across the US, Mexico, Costa Rica, Europe, the Caribbean, and Fiji. In 2017, Friedkin co-founded film production company 30West and later co-founded Imperative Entertainment.
Friedkin's wealth is estimated to be around £1.5bn more than his Liverpool counterpart. Henry made his fortune in trading before venturing into the world of sports, owning teams such as the Boston Red Sox and Pittsburgh Penguins. Following TFG's takeover of the Blues, immediate changes have been implemented at boardroom level.
Farhad Moshiri
Farhad Moshiri was Everton owner for eight years(Image: Alex Livesey/Getty Images))
Message to Everton fans
Friedkin will take on the role of chairman of the board, while Marc Watts steps in as executive chairman to oversee club operations. Ana Dunkel, TFG's chief financial officer, is also set to join the Everton board.
In a heartfelt message to the Everton faithful, Friedkin said: "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.
"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."
As January looms, Everton supporters will be hopeful that TFG's financial backing can help bolster Sean Dyche's squad. However, despite the potential for new signings, TFG may take a cautious approach in the transfer market due to the club's previous points deductions for breaching Premier League financial regulations.