Roundhouse Capital Holdings Limited, Everton’s parent company, has today confirmed that it has issued around £107m worth of new shares.
The money was injected into Roundhouse Capital across three separate share issues in an eight-week stretch between August and September, a trio of documents filed with Companies House today confirm.
Everton will be the ultimate beneficiaries of the money. This series of cash injections takes the total equity injected into the club since The Friedkin Group’s takeover in December 2024 to nearly £400m.
What the Companies House update does not reveal is where exactly the money has come from – it could be from The Friedkin Group, Christopher Sarofim, another Roundhouse shareholder, or a combination of the three.
Dan Friedkin and Ryan Friedkin look on
Photo by Massimo Insabato/Archivio Massimo Insabato/Mondadori Portfolio via Getty Images
While Dan Friedkin owns at least 75 per cent of Roundhouse Capital Holdings, the group is known to have several minority shareholders.
American billionaire asset manager Sarofim came on board in April and commands about 10 per cent of the club, followed by Jason Kidd, who is head coach of the NBA’s Dallas Mavericks and whose stake is as yet unknown.
Beyond that, there is scant information about the identity of the shareholders that make up Roundhouse Capital through Toffees Investments LLC, which is based at Friedkin’s HQ in Houston, Texas.
About 0.5 per cent of the club itself, distinct from Roundhouse, is owned by approximately 1,500 minority shareholders who have seen their stakes diluted since The Friedkin Group pitched up on Merseyside.
MORE EVERTON STORIES
Roundhouse issues fresh shares, money filters down to Everton
A share issue is when a club creates and sells new shares to raise money. Shares are created by directors and then bought up by existing or new investors.
The three share issues revealed today:
12 August 2025: 51.9m shares at £1 each
29 August 2025: 10m shares at £1 each
29 September 2026: 45m shares at £1 each
This series of investments follows a similar move in January, when Everton’s owners confirmed the injection of £289m worth of equity as part of their takeover from Farhad Moshiri the previous December.
What might the money be for?
In short, we can’t say for certain.
The money could simply be to cover running costs – such as paying players and staff, other bills – or to fund future capital expenditure projects, such as the potential redevelopment of Nelson Dock next door to the Hill Dickinson Stadium.
A general view of the Hill Dickinson Stadium
Photo by Molly Darlington/Copa/Getty Images
Alternatively, it could be to pay down debt or prepare for the January transfer window. All options are possibilities.
Injecting money via share issues as opposed to loans also gives Premier League clubs the maximum headroom under Profit and Sustainability Rules (PSR), though this isn’t an issue for Everton because the shares issued in January already unlocked the full £105m allowance for the current three-year PSR assessment window.