Friedkin Group Complete Purchase Of Premier League Club Everton

After Texas-based Friedkin Group completed its 98.8% purchase of Everton on Thursday, half of the Premier League is under majority American ownership.

The change of ownership has ended Farhad Moshiri’s eight-year tenure at the English club, which joins the Friedkins’ wide-ranging portfolio of investments, which includes the Italian team Roma.

The size of the deal is undisclosed, but the BBC and other British media valued it in excess of 400 million pounds ($500 million).

Led by Dan Friedkin, who, according to Forbes and his son Ryan, has a net worth of $6.4 billion, the group has investments in the automotive industry, entertainment, hospitality, and sports.

“I take immense pride in welcoming one of England’s most historic football clubs to our global family,” Dan Friedkin said. “Everton represents a proud legacy, and we are honored to become custodians of this great institution.”

Everton, which has been battling relegation in recent years, is a nine-time English champion that has been an ever-present in the top division since 1954 but is without a major trophy since 1995.
Everton is 16th in the 20-team league approaching the halfway mark of this season.