September 4 – The Friedkin Group (TFG) is looking to bring fresh investment into Everton less than two years after completing its takeover of the club.
According to the Financial Times, advisers have been brought in to sound out potential investors, with the process likely to centre on the sale of a significant minority stake.
That said, there is no suggestion that Dan Friedkin is preparing to sell Everton outright or give up control, and the process is still at an early stage. There is a reality where this doesn’t lead to a deal.
Everton are admittedly in a much healthier position than when TFG arrived in December 2024. The takeover cost Friedkin around £331 million once debt repayments and associated costs were included. Since then, TFG has refinanced parts of the club’s debt, secured long-term funding around Hill Dickinson Stadium and overseen the move into Everton’s new home, which they have no trouble selling out.
The latest accounts also showed a clear improvement: revenue rose from £186.9 million to £196.7 million, while the club’s annual loss fell sharply from £53.2 million to £8.6 million.
That makes Everton a much easier proposition to sell to outside investors than the distressed asset Friedkin bought less than two years ago.
It also comes at a time when the cost of competing in the Premier League is at a record high. Its clubs spent a record €4.1 billion during the summer window, with Everton contributing around €103 million whilst bringing in roughly €129 million through player sales.
Friedkin has already shown he is open to sharing the load. Christopher Sarofim and Jason Kidd both took equity interests in Roundhouse Capital, the vehicle that owns 99.5% of Everton, during 2025. The current search looks more like an extension of that approach than any sign that TFG wants out.
There is also the Roma angle. Friedkin owns the Serie A club as well, which creates a potential UEFA multi-club ownership issue if both sides qualify for the same European competition – though that would require a remarkable improvement from Everton in the coming season.
There is no evidence that the UEFA clash driving the latest investor search, but bringing more shareholders into Everton would further separate the capital structures of the two clubs.
Friedkin bought Everton at a difficult moment, cleaned up a large part of the financial mess and moved the club into a new stadium. That said, he is now facing fan backlash for a thoroughly underwhelming transfer window which has left the club bare bones for the coming season – with just 18 senior players on the books.
Contact the writer of this story, Harry Ewing, at harry.ewing@insideworldfootball.com