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Everton ownership The Friedkin Group explores sale of controlling stake

Oct 9, 12:21 PM2 min read

Drafted by AI from the sources below, fact-checked by the Ajako Taja Editorial Team · How we use AI

AI Summary

Everton's U.S. owners, The Friedkin Group, have announced they are exploring a sale of the Premier League club just two years after their £400m takeover.

The Friedkin Group is exploring the potential sale of its controlling interest in Everton less than two years after acquiring the Premier League club.

The Friedkin Group (TFG) has announced it is seeking new investment options for Everton, which could include selling its majority stake. The Houston-based group, led by chairman Dan Friedkin, has retained the investment bank Moelis & Company to advise on the process. In a statement, the owners said that after establishing a foundation of stability and completing the club's new stadium, "the time is right to consider the next chapter for Everton."

According to The Guardian, TFG may be seeking an asking price of approximately £800m, which includes around £380m in long-term debt. The move follows TFG's preparations to launch a $3.5bn NHL franchise in Houston. The Guardian also noted that restrictions on multi-club ownership may have influenced the decision, as the group also owns AS Roma in Italy and AS Cannes in France.

The announcement follows a period of tension regarding the club's recent transfer activity. BBC Sport reported that supporters were frustrated by the sale of striker Beto to Fiorentina and a narrow escape from selling midfielder Harrison Armstrong to Nottingham Forest. Manager David Moyes, who returned to the club in January 2025, stated in September that he had never spoken to Dan Friedkin directly, with daily operations handled by Friedkin's son-in-law Rishi Majithia and CEO Angus Kinnear.

While exploring a sale, TFG stated it would only consider proposals from parties who would be "right stewards" for the club. The group emphasized it will continue to support Everton on and off the pitch during the transition. No specific timeline has been set for a deal, though The Guardian reported the group is confident it could potentially conclude a sale within the current season.

Background

The Friedkin Group acquired Everton from Farhad Moshiri in December 2024 in a deal valued at over £400m. Since the takeover, the group has overseen the club's move into the Hill Dickinson Stadium and worked to stabilize a financial situation that TFG described as having "significant uncertainty."