The Friedkin Group (TFG) has completed its takeover of Premier League club Everton.
The Friedkin Group, which also owns Roma and is led by an American billionaire Dan Friedkinhas acquired a majority stake in Everton, ushering in a new era for the Merseyside club and ending Farhad Moshiri's time in charge of Goodison Park.
Friedkin, who bought Serie A giants Roma in 2020, is estimated to be worth $6.1bn (£4.8bn).
Incoming executive chairman Marc Watts said in an official statement: “Today marks an important and proud moment for the Friedkin Group as the custodians of the iconic football club this.
“We are committed to leading Everton into an exciting new era both on and off the pitch. Providing immediate financial stability for the Club has been a top priority, and we are delighted to have achieved this.
“Although it will take time to restore Everton to its rightful place in the Premier League table, today is the first step on that journey.
More to follow…
This is new news that is being updated and more information will be released soon. Please refresh this page for the latest updates.
Sky Sports will bring you live updates as they happen. Get the latest sports news, analysis, exclusive interviews, recaps and highlights.
Sky Sports is your trusted source for breaking sports news headlines and live updates. Watch live coverage of your favorite sports: Football, F1, Boxing, Cricket, Golf, Tennis, Rugby League, Rugby Union, NFL, Darts, Netball and get the latest transfer news, results, scores and more.
Visit skysports.com or the Sky Sports App for everything breaking sports news. You will get push notifications from the Sky Sports app for the latest news from your favorite sports, you can follow @SkySportsNews on X to get the latest updates and you can follow him now Sky Sports WhatsApp Channel.
'A promising new start for Everton'
Sky Sports News reporter Alan Myers:
“So, after an 18-month roller coaster of a sale process, Everton finally have new owners. It's been on, it's been off and it's been on again. The first, it was like BPA Sports Capital, then 777 Partners, then the Friedkin Group's original interest was only for them to walk away, although they would stay nearby, then John Textor and then re-emergence of TFG The frustration and anxiety from the fans has been evident at times but that is all behind them now, now they can look forward to a new era, in a new game with new owners.
“But what future can they look forward to? It is fair to agree with those supporters who suggest that Friedkin's ownership of Serie A side AS Roma has been interesting, to say the least. managers later found themselves at the wrong end of the Serie A table and with fans unhappy with the American boss's reign so far
“However, there has been silverware in that time, thanks to their high-profile appointment Jose Mourinho, he reached two European finals winning one before leaving the club at the end of the 2023/24 season. They turned to a club legend in Danielle De Rossi, but he was sacked, and as a result the CEO resigned and was replaced by Ivan Juric also shown the door with the club just four points above relegation zone The Friedkin Group turned to Claudio Ranieri's favorite club to arrest the situation.
“Many of the issues they inherited at Roma await them at Everton: an underperforming team, a club with a rich history and passionate fans hungry for a return to the glory days. They don't throw money at the problems. either, rightly so, there must be a sensible, thoughtful and balanced evolution and one that has a short-term success rate but a long-term vision.
“The organization has shown that they are willing to invest in the playing team and they are reducing the losses they received when they took over in 2020 and they have shown a ruthless way to regarding decisions.
“Everton fans should not expect a revolution in the coming months, I expect a relatively low-key arrival and settling-in period. the job at hand, keeping Everton in the Premier League.
“There will be a new Chairman of the Company, President Marc Watts who will also sit on the Roma board and will be joined by other members of TFG in the new-look boardroom, and the Interim CEO Cailan Chong remains in office until he is replaced. has been appointed a club that needs to change both in terms of culture and results There have been problems with his relationship with the fans for a while now, many believe that he is not identity at the club and that they want to know where the club sees itself, work on it immediately and get it right too.
“Everton fans are desperate for a fresh start, a stable club and some progress on and off the pitch. The takeover and the new stadium offer an opportunity to build something special at a long-suffering club that has fallen from its former glory. in the last 30 years, but thanks to former owner Farhad Moshiri's millions they will have a modern stadium, a much better financial outlook and some hope for the future, this is the Friedkin now. organizations have the opportunity to make that change happen but they also need to give them time to do it.”
