The Friedkin Group completes Everton takeover, acquiring a 99.5% stake in the Premier League club and marking the end of Farhad Moshiri’s turbulent ownership. Valued at over £400 million, the deal brings new leadership and vision to the historic club.
Vision for Everton’s Future
The Texas-based Friedkin Group, led by chairman Dan Friedkin, aims to usher in a new era for Everton. Their outlined strategy includes:
- Strengthening the men’s first team.
- Supporting academy growth to develop homegrown talent.
- Advancing the women’s team with a clear on-pitch and commercial plan.
- Maximizing the potential of Everton’s new stadium at Bramley-Moore Dock, set to open next season.
Incoming executive chairman Marc Watts emphasized financial stability as a top priority, with much of Everton’s debt converted to equity or refinanced.
The End of Moshiri’s Reign
Moshiri’s tenure, which began in 2016, saw financial challenges and repeated battles against relegation. Fans became disillusioned, protesting his absence and decisions. The conclusion of his ownership follows failed takeover attempts by other groups, including 777 Partners and Crystal Palace co-owner John Textor.
Stability and Growth Under New Ownership
The Friedkin Group’s takeover aims to stabilize Everton’s financial and competitive position. According to Dan Friedkin, their vision is rooted in honoring Everton’s history while paving the way for a sustainable and successful future. Representatives of the Friedkin Group are expected to attend Everton’s upcoming match against Chelsea at Goodison Park.
For full details, see the BBC report or explore related updates on Eurasia Sports.
