Everton ‘will not be doing a Chelsea’ as Companies House document emerges
The Friedkin Group have made it clear that they intend to try and take Everton to the next level following their takeover.
The Toffees have become a staple of the lower reaches of the Premier League over the last few seasons, but their American owners have designs on restoring them to their former glory.
David Moyes had recently shared his frustration over Everton’s transfer window, but their intent to strengthen and develop themselves as a club is clear to see.
They are preparing to enter a new era as they move into the Hill Dickinson Stadium, and their ambition has created a need for further investment.
Everton’s sale of women’s team is different to Chelsea’s
The Friedkin Group have now completed a deal to ‘sell’ Everton’s women’s team to a different company, in a deal akin to the scheme that has already been used by both Chelsea and Aston Villa.
Everton are set to open up a little more breathing space in terms of PSR as a result of the sale, which has seen their women’s team fall into new hands.
The women’s team has been transferred to a company called Roundhouse Capital Holdings Limited, which also falls under the ownership of TFG.
Chelsea have come under plenty of scrutiny for employing a similar method previously, but it has now been suggested that the Toffees’ deal isn’t like that of the West Londoners.
Everton Women are now under the jurisdiction of EFCW Holdings, which owns in excess of 75% of the team.
The Esk has stated via his X account (29 July) that the Toffees are not “doing a Chelsea” since their transferral of ownership has not generated a vast profit in itself.
Instead, he understands that the profit will be created when new investors are attracted to the women’s team.
- Everton’s women’s team have been transferred to a separate company, also owned by TFG
- The aim is for the women’s team to attract new investors as a separate entity – this will in turn generate profit for TFG and Everton
- Everton’s sale differs from Chelsea’s because it has not been undertaken at a big immediate profit
The Friedkin Group need to provide investment for Moyes
Everton’s transfer window got off to a good start with the signing of Thierno Barry, but it has since grown increasingly frustrating as the weeks have gone on.
The Merseysiders have been linked with countless big-money deals, but none of them have materialised as of yet, and are they running out of time to get their squad in place before the Premier League gets back underway.
Moyes’ group is badly lacking in depth, and it may struggle to stand up to the rigours of top-flight football if more new faces don’t come in.
With that in mind, it is now time for TFG to get the chequebook out and give the Scot the helping hand that he needs to make Everton competitive again.
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