The Friedkin Group (TFG) has officially become the new owner of Everton after receiving confirmation from the Premier League.
The Toffees will move into a new era in a different direction after Farhad Moshiri’s turbulent tenure.
According to BBC Sport, the deal for 99.5 percent of the club is believed to be worth more than £400 million.
The Athletic claims that Moshiri, who will walk away having made a significant loss, will turn £450 million of shareholder loans into equity in Everton.
The new owners have wiped out a significant amount of Everton’s £600m debt, and they will move into the new stadium at the Bramley-Moore Dock almost debt-free next summer.
Everton’s new owners will need to make decisions on the future of manager Sean Dyche and director of football Kevin Thelwell – both are out of contract at the end of the season.
Dyche has done a good job, considering he has operated on a shoestring budget and had to sell players before buying.
Everton’s new owners are looking to back Dyche
According to inews journalist Mark Douglas, the new owners are looking to bring ‘stability’ to the club.
He says the group will back Thelwell and Dyche, with meetings planned in the coming days to support both of them over the next few months.
It makes sense for the new owners to give him proper support in January and allow him to steer the club to Premier League safety for another season.
TFG have outlined their ambitions – the six key points are:
- Strengthening the men’s first-team squad through thoughtful and strategic investment.
- Cultivating home-grown superstars through Everton’s Academy.
- Fostering a distinct on-pitch and commercial strategy for the women’s team.
- Respecting the club’s traditions and keeping Everton at the heart of the community.
- Maximising the potential of the new stadium through long-term commercial partnerships and events that benefit the city of Liverpool.
- Enhancing Everton’s reputation as a unique and historical name in world football.
The latest boardroom shake-up will see Dan Friedkin, the chairman and chief executive officer of TFG, become the chairman of Everton.
Marc Watts has been appointed as the executive chairman. He will be responsible for the management of the club.
Ana Dunkel has been appointed as TFG’s chief financial officer, while Colin Chong, the club’s interim CEO, will also serve on the board.
