Everton takeover: Friedkin Group completes deal to end Farhad Moshiri tenure
Everton has been acquired by Roundhouse Capital Holdings, an entity of the Friedkin Group, which bought Moshiri’s 94% stake in the club held through Blue Heaven Holdings. Through further debt-for-equity swaps, Roundhouse will increase its stake in the club to 99.5%.
The Friedkin Group outlines a “sustainable and successful” vision for the future, which includes strengthening the men’s first team, developing homegrown players through the academy, developing a unique pitch and commercial strategy for the women’s team, and maximizing the squad’s competitiveness. Potential for new stadium.
Everton will move from Goodison Park to a new 52,888-capacity stadium at Bramley Moore Dock at the beginning of next season.
Ana Dunkel, Friedkin Group’s chief financial officer, will join the board of directors, while Colin Chong will continue as interim chief executive until a permanent appointment is made.
Incoming executive chairman Watts said: “Today is a significant and proud moment for the Friedkin Group as we become trustees of this iconic football club. We are committed to taking Everton onto the pitch An exciting new era inside and out.”
“Providing immediate financial stability to the club has always been our priority and we are delighted that this has been achieved.
“While getting Everton back to their rightful place in the Premier League will take time, today is the first step on that journey.”
Watts said the priority was to stabilize Everton and improve on-field performance, adding that much of the club’s debt had been converted into equity to be repaid or refinanced on more favorable terms.
