Everton owner Dan Friedkin
Everton owner Dan Friedkin
Finance

Friedkins already involved in 'huge' financial development at Everton today

Daniel Lewis
Daniel Lewis

Assistant Editor AUTHORITY Senior editor and writer responsible for daily news flow, editorial standards, and active contribution across the site network. FOCUS Editorial oversight, newsroom workflow, verified reporting, and original content. THE BRIEF Former Sports Mole correspondent Daniel manages the network’s daily output, working between reporters and experts to ensure accuracy and speed. As a senior contributor, he also writes and publishes original content across the network.

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The Friedkins have got off to the "perfect start" at Everton by already paying off a number of outstanding payments, according to Harry Watkinson.

The TEAMtalk journalist was responding on X [19 December] to HMRC documentation showing five loans had been settled on Thursday (19 December), the day the takeover went through.

Dan Friedkin and Co. have wasted no time in making their impact felt at Goodison Park, as the women's team are also set to benefit.

Watkinson said of the loan repayments: "This is huge for Everton. Looks like we'll have a clean slate on PSR from next season. TFG have got off to the perfect start."

How much is Friedkin Group worth?

As per Sky Sports, The Friedkin Group have an estimated worth of $6.1bn (£4.8bn), a part of which has now been invested into the Toffees.

Beyond simply buying the club off Farhad Moshiri, the Americans have also had to pay off debts and will now cover the day-to-day running costs, which will rack up countless millions a year alone.

Owning a football club is a quick way to lose money in the majority of cases, but the Friedkins need no telling of that.

They already have experience in the footballing world and know this is not a business to go into if you're looking to make a profit.

Everton
Farhad Moshiri's time at Everton is over

This development shows they are certainly wasting no time in making Everton financially stable. Once that is the case, the club can then look forward to what will be a very bright future.

With new owners in place and a new stadium about six months away from officially opening, it is now over to the players on the field to keep this feel-good factor alive.

In other Everton news, Farhad Moshiri is already plotting a "dream" return to the club.

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Harry Watkinson
The Friedkin Group
www.goodisonnews.com