Friedkin Group takeover of Everton: Four areas to address at Premier League club
British-Iranian businessman Moshiri invested more than £750m in the club and left to build the club’s stunning new stadium at Bramley Moore Dock, although his tenure will be largely judged by the He is remembered for fan protests and dissatisfaction with his management of the club. .
With much of the club’s debt converted into equity, being paid off or restructured, and a new stadium about to be built, sources close to Friedkin’s group believe they have grabbed a “bargain” in taking over the club.
The task now is to inspire a divided following as Everton enters a new era, which is easier said than done.
The air at Goodison Park is often filled with jeers and murmurs of disapproval, something Friedkin’s group experienced during their time in charge of Roma, so it needs to engage with enthusiastic but frustrated supporters.
Everton Supporters Advisory Committee september says, external The company hopes to meet with the organization to “help them understand” what supporters can expect from a new owner.
But all was not well in Rome.
Podcast Andy Mattioli Tell BBC Radio Merseyside There was a “tension” between the owners and supporters, he added: “The fans are angry. A lot of them are saying: ‘Sell us – because for four years you have clearly misunderstood what we are about.'”
The anger stems from club legend Daniele De Rossi being sacked after just four games of the season, after a poor start to the campaign left the club in 12th place in Serie A, just two points above the relegation zone.
according to Forbes, externalChairman Dan Friedkin is worth £6.15bn but, as Saudi-backed Newcastle United have discovered, the Premier League’s profit and sustainability rules (PSR) mean big-money signings are not feasible.
Everton’s net debt rises to £330.6m Latest account, A total of eight points were deducted last season due to breaches of financial rules, so any spending needs to be invested wisely.
After the deal was completed on Thursday, incoming Everton chairman Friedkin said in an open letter to supporters: “Although we are new members of the club, we fully understand the local culture, history and local culture that Everton has. Everton plays an important role in the lives of people around the world.”
New executive chairman Mark Watts added: “As managers of Everton, we look forward to demonstrating our commitment to the club through actions rather than words.
“Our long-term vision is to harness the passion of our fans and the great quality of the club to realize Everton’s full potential.”
