Friedkin Group Completes Everton Takeover: A New Era for the Toffees
The Friedkin Group has successfully completed its takeover of Everton Football Club, marking the end of Farhad Moshiri’s turbulent tenure as owner. The deal, valued at over £400 million, grants the Friedkin Group 99.5% control of the club, making Everton the tenth Premier League club under majority American ownership. This transition brings a fresh era for the Toffees, who have been striving for stability and success on the pitch. Under the new leadership, the focus is on revitalizing the club’s fortunes, with plans to strengthen the squad, particularly the men’s and women’s teams, and to enhance the facilities, including the new Bramley-Moore Dock stadium.
The Friedkin Group’s acquisition of Everton was finalized following regulatory approval from the Premier League, marking a significant shift in the club’s direction. Chairman Dan Friedkin and his team are committed to honoring the legacy of one of England’s oldest football clubs while ushering in a new phase of ambition and achievement. Friedkin, who also owns Italian Serie A club Roma, stated in an open letter, “Everton represents a proud legacy, and we are honored to become custodians of this great institution. We are deeply committed to contributing positively to the community, economy, and people of this remarkable city.” This sentiment underscores the Friedkin Group’s intent to embed itself into the fabric of Everton’s storied history while aiming to achieve long-term success both domestically and in Europe.
The Friedkin Group’s vision for Everton is a sustainable and successful future, which includes not only on-field improvements but also significant investment in the club’s infrastructure and youth development. Marc Watts, the new executive chairman, emphasized the importance of financial stability and performance improvements, stating, “Today marks a momentous and proud occasion for the Friedkin Group as we become custodians of this iconic football club. We are committed to leading Everton into an exciting new era both on and off the pitch.” Watts outlined a clear strategy to restore Everton to its rightful place among the Premier League’s top teams, with a focus on youth development, cultivating talent through the academy, and enhancing commercial strategies for both the men’s and women’s teams. As Everton prepares to move from Goodison Park to the new 52,888-capacity stadium at Bramley-Moore Dock, the Friedkin Group is poised to inject the necessary funds and vision to realize this transition smoothly, providing Evertonians with hope for a brighter future.
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