The Friedkin Group has successfully completed a significant majority takeover of Everton, a prominent club in the English Premier League. The American consortium, spearheaded by businessman Dan Friedkin, has officially acquired a striking 94.1% stake in the club from the former owner, Farhad Moshiri. This acquisition reportedly amounts to more than £400 million, marking a notable moment in Everton’s history. As of September, an agreement was reached, and the takeover was subsequently approved by the Premier League, allowing Everton to become the 10th English top-flight club with American ownership.
In a heartfelt open letter, Friedkin expressed his pride in welcoming Everton into the Friedkin Group’s global family. He acknowledged the historical significance of the club, emphasizing that it represents a proud legacy. Friedkin articulated his commitment to honoring the storied history of Everton while also actively supporting the local community and economy. The new ownership group pledges to respect the traditions that Everton holds while working to enhance the lives of Evertonians, a term used to refer to the club’s passionate supporters, both in Liverpool and across the world.
Dan Friedkin, who is poised to assume the role of Everton’s chairman, possesses considerable wealth, estimated at £6.16 billion. In addition to his new responsibilities with Everton, Friedkin is also the owner of AS Roma, a notable team in Italy’s Serie A. His appointment to the Everton board marks a pivotal shift in the club’s administration, transitioning from Moshiri’s stewardship to a new era under American leadership. Notably, this takeover brings to end Moshiri’s uncertain tenure, which began when he purchased his first stake of 49.9% in 2016, amid hopes of elevating the club’s stature in English football.
The current condition of the club reflects a challenging period, as Everton finds itself perilously close to relegation. The team is currently positioned in 16th place in the league standings, a mere three points from falling into the relegation zone for the first time since 1954. This precarious situation adds urgency to the new ownership’s responsibility to revitalize the club, strengthen its performance, and ensure a secure place in the Premier League for the seasons to come.
The immediate challenge for the new ownership team will manifest during Everton’s first match under Friedkin’s regime, where they will face Chelsea on an upcoming Sunday. This match serves not only as a critical game in the context of the current season but also as a symbolic moment for the club as they transition into a new chapter of management. Additionally, the club is preparing for a significant relocation from its historic Goodison Park ground to a newly developed stadium at Bramley-Moore Dock, set to open for the 2025/26 campaign. This move is anticipated to mark a new beginning for Everton, both in terms of facilities and the broader ambitions of the club.
The excitement and apprehension surrounding this takeover are palpable, as Everton supporters hope for a rejuvenation of their beloved club under fresh ownership. Fans will be keenly observing how Friedkin’s leadership influences the team’s performance, operational strategy, and community involvement. With the Premier League season ahead broadcasting on platforms such as TNT Sports and discovery+, supporters are bracing themselves for what promises to be an exhilarating and tense footballing journey. As Everton navigates through these turbulent times, the essence of the club’s proud heritage remains a focal point amid aspirations for future success and stability.
