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The Friedkin Group has officially taken majority control of Everton, marking the end of Farhad Moshiri’s tenure.
The deal, worth more than £400m, makes Everton the tenth Premier League team to be majority American-owned.
An agreement between Moshiri and the Texas-based Friedkin Group was initially reached on September 23, but final regulatory approval from the Premier League was required before the takeover could be completed.
Led by chairman Dan Friedkin, the Friedkin Group also owns Serie A side AS Roma.
As part of the new management structure, Friedkin is expected to be chairman of Everton’s board, with Marc Watts taking on the role of executive chairman, overseeing the club’s day-to-day operations.
In an open letter to fans, Friedkin expressed his excitement about the acquisition: “I am extremely proud to welcome one of England’s most historic football clubs to our global family, the Friedkin Group. Everton represents a proud legacy and we are honored to become custodians of this great institution.
Club Statement: Everton Football Club has been acquired by Roundhouse Capital Holdings Limited, part of The Friedkin Group. 🔵
— Everton (@Everton) December 19, 2024
“Although we are new to the club, we fully understand the vital role Everton plays in local culture, history and the lives of Evertonians here and around the world.
“We are deeply committed to honoring this legacy while contributing positively to the community, economy and people of this remarkable city.”
Farhad Moshiri, a British-Iranian businessman, first bought a 49.9% stake in Everton in 2016 before increasing his ownership to 94.1% in 2022.
His tenure was marked by significant financial investments, but also instability, as Everton struggled both on and off the field.
Everton, a club who have not been relegated since the 1953/54 season, have endured three consecutive years of poor finishes in the Premier League, finishing 16th, 17th and 15th in the previous campaigns.
Currently in 16th place, the team face another challenging season under manager Sean Dyche.
Representatives of the Friedkin Group are expected to attend Everton’s upcoming game against second-placed Chelsea at Goodison Park on Sunday.
