Everton on the Brink of New Ownership Era

Everton currently sits joint-bottom of the Premier League, having earned just one point from their first five matches.

Everton Football Club is on the verge of a new era as the Friedkin Group prepares to acquire Farhad Moshiri’s 94% stake ending his turbulent ownership. Moshiri, who took control in 2016 made large investments but achieved little success with the club struggling financially and on the pitch. Everton fans have protested, endured poor form and faced uncertainty throughout Moshiri’s reign, so they welcome this potential change in ownership.

Miami-based 777 Partners attempted to buy the club in 2023 but failed to meet the Premier League’s regulatory standards. In contrast, the Friedkin Group, owners of AS Roma expect to pass all tests. The deal valued at over £400m should close within 8-12 weeks. The Friedkins bring financial strength having already loaned Everton £200m and agreed to settle debts with various creditors.

The Friedkin Group has invested heavily in Roma since 2020 where they helped secure a Europa Conference League title in 2022. However, their low-profile ownership style and lack of direct engagement with fans in Rome raise concerns about how they will handle Everton’s passionate supporters. The club, currently sitting joint-bottom of the Premier League urgently needs stability after a difficult start to the season.

The new owners will need to focus on ensuring survival this season before planning for the future especially with the upcoming move to a new 53,000-seat stadium next year. Everton’s manager Sean Dyche remains in charge for now but new ownership often leads to managerial changes. Despite cautious optimism, Everton fans hope the Friedkin takeover brings the stability and brighter future the club desperately needs.

Cataleya