A report claims The Friedkin Group are looking for new investors in Everton with stake sale process
The Friedkin Group announced on September 23 that they had an agreement to purchase Farhad Moshiri's entire stake in Everton
Dan Friedkin, left, and son Ryan Friedkin, of The Friedkin Group
View Image
Everton’s billionaire owners are seeking new investors less than two years after buying the club, following a summer transfer window in which Premier League rivals drove spending to new records in an arms race for talent, claims a report.
An article by Samuel Agini in the Financial Times states that The Friedkin Group, who also own Italian football club AS Roma, are working with advisers on the Everton stake sale process, which could result in new investors buying a significant chunk of the Blues, although it is still at an early stage.
The Friedkin Group (TFG) completed its takeover of Everton on December 19, 2024, in a deal believed to be worth in excess of £400million to acquire 99.5% of the club from Farhad Moshiri. They subsequently appointed Marc Watts as executive chairman although the day-to-day running of the Blues is now done by chief executive Angus Kinnear who was hired the following May, with the Texas-based Friedkin family continuing to keep a low profile.
Dan Friedkin, who is Everton’s chairman, has never attended a game at either Goodison Park or Hill Dickinson Stadium in contrast to his more hands-on approach with Roma where he has also made personal visits to meet the players and staff. Owner of Gulf States Toyota, the 61-year-old is currently placed at number 254 with an estimated fortune of $13.4billion (approximately £9.92billion) by the Bloomberg Billionaires Index, a daily ranking of the world’s wealthiest people.
With a record spend of over three-and-a-half billion pounds this summer by Premier League clubs, the FT quotes a source with knowledge of the sale process as saying: “It’s an arms race. More and more firepower is coming into the league.”
Despite this huge outlay, the considerable personal wealth of the Friedkins and financial experts calculating that Everton’s move from Goodison Park to Hill Dickinson Stadium would enable them to generate approximately £60million in additional income annually, the Blues’ summer outgoings on transfers was the six lowest in the division at £88million and they were also one of just half a dozen clubs to finish the window with a negative net spend.
The ECHO has contacted both Everton and The Friedkin Group for comment.