Everton Owner Friedkin Group Seeks Sale of Club After Less Than Two Years
SingTao · 2 SOURCESabout 2 hours ago2 MIN
Summary
The Friedkin Group (TFG), the American consortium that owns Everton, announced on Friday that it is exploring new investment options, potentially including the sale of the club. TFG acquired the Premier League club in December 2024 for £400 million (approximately HK$4.16 billion), taking a 99.5% stake and rescuing the club from serious financial crisis. The group helped Everton complete their new stadium and invited former manager David Moyes back to lead the team.
Key Points
- The Friedkin Group purchased 99.5% of Everton for £400 million in December 2024, replacing businessman Alisher Usmanov as the majority shareholder
- Reports indicate the club could be sold for £800 million to £1 billion (HK$8.2 billion to HK$10.4 billion)
- TFG helped Everton overcome severe financial difficulties, complete their new stadium, and stabilize the club's operations
- Under TFG's leadership, Everton finished 13th in the Premier League last season and currently sit 7th after five games (2 wins, 3 draws) this campaign
- British media analysis suggests TFG's dual ownership of Italian club AS Roma creates an excessive financial burden, prompting the sale consideration
Why It Matters
Everton's potential sale comes less than two years after TFG's takeover, raising questions about the long-term commitment of foreign owners to Premier League clubs amid rising costs. For Hong Kong football fans, the club's new stadium and improved performance under Moyes represented a success story of foreign investment revitalizing a historic English club—now that narrative faces uncertainty as TFG seeks to exit .
Everton's potential sale comes less than two years after TFG's takeover, raising questions about the long-term commitment of foreign owners to Premier League clubs amid rising costs. For Hong Kong football fans, the club's new stadium and improved performance under Moyes represented a success story of foreign investment revitalizing a historic English club—now that narrative faces uncertainty as TFG seeks to exit .