Everton’s New Era: U.S. Ownership Takes the Helm

Everton’s New Era: U.S. Ownership Takes the Helm

In a significant development for Everton fans and the Premier League, the long-standing ownership saga of the club has finally reached its conclusion. On Thursday, the club announced that the U.S.-based Friedkin Group has completed its takeover, marking a new chapter in Everton’s storied history. This change in ownership sees the American firm acquiring the 94.1% majority share previously held by British-Iranian billionaire Farhad Moshiri.

For those who have been following Everton’s journey, this transition is not just about a change in ownership but also a shift in the club’s future direction. The club is set to move from its historic home at Goodison Park to a brand-new riverfront stadium next season, a move that symbolizes the dawn of a new era.

With this acquisition, Everton becomes the 10th club in the Premier League to be under American ownership. This trend of U.S. investment in English football continues to grow, reflecting the global appeal and financial potential of the Premier League.

Marc Watts, the incoming executive chairman of Everton, expressed his enthusiasm for the future. In a statement, he said, “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.”

The Friedkin Group is no stranger to the world of football, as they also own the Serie A club AS Roma. This experience in managing a top-tier European club could prove invaluable as they take the reins at Everton.

The Premier League has confirmed that the Friedkin Group has passed its League Owners’ and Directors’ test. The league stated, “Having been agreed by the [Premier League] board, the takeover has now been ratified by an Independent Oversight Panel.”

Farhad Moshiri, who first bought a 49.9% stake in Everton in 2016 and increased it to 94.1% by January 2022 with a £100m capital injection, reflected on his tenure. Despite the challenges, he believes the club is in good hands. “I truly believe that the transaction with the Friedkin Group is the best outcome for the club and its future success,” Moshiri said.

He added, “Despite a challenging geopolitical backdrop, a significant amount has been achieved over the last couple of years including the delivery of a new sporting department, the stabilisation of our finances and the delivery of our iconic new stadium. I now hand over to new owners confident in the outlook for the club and that our incredible fans will see the success on the pitch that they so thoroughly deserve.”

Everton’s recent seasons have been anything but smooth. The men’s side narrowly avoided relegation on the final day in 2023, a feat they repeated last season despite being deducted a total of eight points across two separate penalties for Profitability and Sustainability Rules (PSR) infringements. The women’s side has also faced challenges, remaining in the bottom half of the table in recent seasons.

• Everton’s current standing: 16th in the Premier League with 15 points after 15 games.
• Upcoming match: Hosting Chelsea on Sunday.

As Everton embarks on this new journey under American ownership, fans and analysts alike will be watching closely to see how the Friedkin Group’s leadership will shape the club’s future. With a new stadium on the horizon and a fresh vision for success, Evertonians have much to look forward to.