Key facts
- The Friedkin Group has agreed to buy a majority stake in Everton.
The Friedkin Group has agreed to acquire a majority stake in Premier League club Everton for over £400 million, a deal subject to regulatory approval. The US-based group, led by chairman Dan Friedkin, also plans to invest around £850 million in a new stadium redevelopment.
The acquisition by The Friedkin Group signals a potential new era for Everton Football Club, bringing significant investment for both club ownership and infrastructure development, including a new stadium. This could impact the club's financial stability and competitive standing.
The Friedkin Group, owners of the Premier League club Everton, have reached an agreement to purchase Farhad Moshiri's majority 94% stake in the club for over £400 million. The deal is contingent on regulatory approvals from the Premier League, the Football Association, and the Financial Conduct Authority.
In addition to the acquisition, The Friedkin Group intends to invest approximately £850 million in a major new stadium redevelopment for Everton, aiming for completion by the 2032 Euros. Dan Friedkin, chairman of the US-based group and owner of AS Roma, has a net worth of £5.7 billion, according to Forbes.
This transaction marks the potential end of Farhad Moshiri's ownership, during which he invested more than £750 million since 2016. Moshiri's tenure has been marked by supporter dissatisfaction and the club's struggles, including points deductions for breaching financial rules.
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