Everton takeover twist as new £500m development emerges.
Everton is now worth at £500 million after The Friedkin Group acquired the club, according to Ben Jacobs.
According to a Give Me Sport writer on December 19, the American group has 98.8% ownership.
The announced purchase involves a £200 million financial investment and debt restructuring.
Jacobs commented on X: “The exact percentage TFG owns is 98.8%.” The cost of purchasing is convoluted, but the club is estimated to be worth around £500 million. The purchase includes a £200 million cash injection during due diligence, as well as the inheriting (and restructuring) of significant debts.
Everton fans have every cause to welcome the takeover announcement.
The introduction of new owners will bring financial stability, as they have committed to funding the development of the new stadium at Bramley-Moore Dock, which is expected to generate significant revenue.
Their experience with AS Roma in Serie A demonstrates a strategic approach to club administration that prioritizes both immediate stability and long-term success.
The Friedkin Group has promised to make careful and strategic investments in order to return Everton to their rightful place in the Premier League.
Their takeover marks the end of a turbulent era under Moshiri, which included financial mismanagement and relegation battles.
The new ownership promises a fresh start, addressing the club’s debt and maybe improving the squad through smart management in the next transfer windows.
With the group’s huge funds and proven track record in football, fans can expect a brighter future, possibly with new managerial and executive appointments that reflect the club’s illustrious history.
Leave a Reply