Everton Football Club is preparing to make a major change in ownership. According to the latest report, the Friedkin Group headed by American billionaire Dan Friedkin has reached an agreement in principle to buy the legendary Merseyside club. This follows the failure of a previous deal with US investor group 777 Partners.
Dan Friedkin, who also owns Serie A club Roma, plans to buy an 85% stake from current owner Farhad Moshiri. This move could change Everton's economic and strategic environment, which has experienced many turbulence over the past few seasons.
Who is Dan Friedkin?
Dan Friedkin is a favorite name in the sports and business community thanks to his acquisition and extremely successful leadership of Roma since 2020. Net worth in the region of 4.81 billion PS Friedkin shows the ability and the desire to generate a lot of money into sports franchises. Friedkin's entry into the Premier League via Everton was an important stage in his growing sports business empire.
Why Everton?
Its appeal to potential investors like Friedkin lies not only in its history and fan base but also in its future. Despite finishing 15th in the Premier League last season and being fined 8 points for violating sustainability and profit regulations, Everton showed resilience. They will move to a brand new stadium at Bramley-Moore Dock in the 2025-26 season. The club is aiming for the best financial outlook and increased match revenue.
What led to the collapse of the 777 Partners deal?
Before Friedkin Group stepped in, Everton was almost bought by 777 Partners. The deal was canceled this month. The reasons behind why the deal failed remain hidden, however, it did allow Friedkin to enter the fray after a period of exclusivity prevented Moshiri from negotiating with potential buyers for through June 1.
What are the other bids?
The curiosity surrounding Everton doesn't stop at The Friedkin Group. There were other bids made and included one from London-based tech entrepreneur Vatche Manoukian worth PS400 million. Additionally, local supporters Andy Bell and George Downing were the first to loan the PS team 158 million, having expressed enthusiasm about the partnership with MSP Sports Capital. In addition, John Textor, who owns 45% of Crystal Palace's shares, expressed his desire to sell his shares to have money to buy Everton.
What's next for Everton?
In the event that an agreement in principle is signed, the Friedkin Group is expected to receive a period of exclusivity to conclude the terms of the takeover. This will be vital for both the club and their new owners to lay the necessary foundations for a successful transfer. The emphasis will certainly be on maximizing stadium capacity and ensuring the club's financial and operational plans are in place to prevent the pitfalls of previous seasons.
How will this affect the team and fans?
The fan's transfer could be the beginning of a new phase. New ownership could bring fresh capital investment in player acquisitions, infrastructure as well as new management methods for the club. It is important to ensure that the new venture is in line with the club's sustainability goals, especially in light of recent points deductions for breaches of financial guidelines.
Ultimately, Everton are at a crossroads, with the acquisition of the Friedkin Group promising new possibilities and perhaps a change in fortunes. As the 2025-26 football season approaches following the opening of the new stadium, the focus will be on how the club of the century will maximize its potential under new management. The next few years could determine Everton's future direction, both on and off the field.
