The US-based Friedkin Group has officially completed its takeover of Everton, the Premier League club announced on Thursday. The acquisition was made through Roundhouse Capital Holdings Limited, a subsidiary of the Friedkin Group, marking Everton as the 10th Premier League club under majority American ownership.
The Premier League confirmed that the Friedkin Group now holds a 98.8% stake in the club. This follows Everton’s September announcement of the agreement to purchase Farhad Moshiri’s majority stake, pending regulatory approval, which has now been granted by the Premier League, the Women’s Professional Leagues Limited, the Football Association, and the Financial Conduct Authority.
The deal, valued at over £400 million ($506 million) according to the BBC, is led by Dan Friedkin, chairman of the Texas-based group, which also owns Italian Serie A team AS Roma. Friedkin’s net worth is estimated at £6.16 billion, as per Forbes.
Everton, currently 16th in the Premier League and three points above the relegation zone, has faced significant financial challenges. The club was penalized twice under the Premier League’s profitability and sustainability rules in the last 13 months, resulting in a total deduction of eight points last season. Between 2019 and 2023, Everton reported losses nearing £400 million ($534 million).
Despite interest from other American firms, including 777 Partners and Crystal Palace shareholder John Textor, the Friedkin Group finalized the deal, securing the future of one of England’s most historic clubs.
The takeover comes at a pivotal moment for Everton, as they near completion of their new stadium, set to replace Goodison Park, the club’s home since 1892.
Everton, which has remained in the English top flight for 70 years, boasts a storied history with nine league titles, trailing only Manchester United, Liverpool, Arsenal, and Manchester City. However, their last league title came in the 1986/87 season, and they have not secured a major trophy since winning the FA Cup in 1995.
The Friedkin Group’s acquisition signals a new chapter for the Toffees as they aim to stabilize their finances, improve performances, and build on their rich legacy.
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