Everton set to become a global powerhouse as £5.8bn takeover news emerges
Everton are set to enjoy far more affluent backing once Dan Friedkin acquires the shares of Farhad Moshiri.
The Friedkin Group [TFG] are expected to formally take ownership of the club by the end of the year, which would help enhance the Toffees’ progress towards Bramley-Moore Dock Stadium, and eventually efforts to return to the European stage with numerous directorial changes anticipated.
As reported in the Liverpool Echo [16 October], an updated list by Forbes this week now lists Friedkin 393rd on the world rich list with a net worth clocking in at £5.8billion, in comparison to Moshiri’s £2.1bn, having suffered a 13-per-cent blow to his finances in the past year.
Friedkin’s successful past 12 months in business has largely boiled down to the exclusive agreement in America’s southern states to sell Toyota-branded cars, scooping £8.4bn from total sales in 2023.
TFG also own AS Roma, who came to Goodison Park for a friendly earlier this year while relations were built – even despite a takeover being unlikely at that point – and have taken on the Everton debt owed to MSP Sports Capital of £200million.
Everton have exciting future under Dan Friedkin
Everton supporters have every right to feel excited not just because of the doldrums they have found their club swirling around for a sustained time, but also because TFG’s financial backing is hugely powerful.
Friedkin has so far said all the right things, and has whipped up a positive energy on the blue half of Merseyside, which will have fans imagining – in good time – the Champions League anthem blasted out at Bramley-Moore Dock.
And these ambitions should not be unrealistic for a side like Everton – years of mismanagement both on the pitch and financially have found those on the outside scoffing at the prospect of one of England’s most iconic clubs competing in anything beyond a survival battle.
On paper, Friedkin’s pockets are almost three times deeper than Moshiri’s. While that’s the bottom line, of course the US-based firm are picking up nine-figure debts and must straighten out any potential nasty shocks in the future before splashing the cash.
But one thing is for sure, a plan is in place. A plan for new life in the boardroom, and Toffees fans can have a far more compelling outlook on the matter than the barrel down which they were staring just months ago.
In other Everton news, Ian Darke discusses the “lucky escape” from 777 Partners.
For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.