Friedkin Group make new Everton move as new Companies House document emerges
Everton have already undergone significant changes under the Friedkin Group.
Dan Friedkin and Co. took over Everton in December 2024, securing Farhad Moshiri’s 99.5 per cent stake in the club.
The American ownership has transformed the sporting structure at the Hill Dickinson Stadium, bringing in the likes of Angus Kinnear and Nick Cox.
They have also backed Everton manager David Moyes in the transfer market, with over £100million spent to bring the squad up to scratch.
Everton announce new financial move as Friedkin revolution continues
The Friedkin Group appeared set to issue new Everton shares when documents relating to the Resolution of Allotment of Securities and the Resolution of Removal of Pre-emption Rights were submitted in August.
That has now been confirmed after a Statement of capital following an allotment of shares emerged on Companies House on 4 September.
The club have raised £46million in new capital, with 262,863 new shares, which were issued at £175 a share.
Paul Quinn, who goes by the Esk, took to X to explain why the Friedkin’s had made the move, saying: “Anything. Probably our transfer activity and/or working capital”
New investment is a sensible move for Everton
Securing new investment is a clever move from the Friedkins, as the Blues will need significant funding to reach the level that they want to in the Premier League.
Moyes is hoping to take the Toffees into the European qualification places, and he will need significant additions to his squad in order to do so.
- Everton finished 13th in the league last season
- They finished 15th in the campaign before
- 17th place finish in the 2022/23 season, just two points away from relegation
New finance will help in that ambition, and could take the Merseysiders back where they belong, towards the upper echelons of the top-flight.
There will likely be more funding needed in the future, but it is a positive step, and the financials look a lot better than they did in the perilous Moshiri era, where the club felt on the verge of a disaster.
That is not the case anymore, and there is an excitement building around the team, following developments on and off the pitch.
The new ownership and Moyes are trying to bring the feel-good factor back to the blue half of Merseyside, and so far it is going in the right direction.
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