Premier League: Everton bought by Texas-based Friedkin Group
Al Jazeera
Everton become 10th Premier League club under American ownership after purchase by Texas-based Friedkin Group.
The Texas-based Friedkin Group completed its 98.8% purchase of Everton, adding the storied Premier League club to its wide-ranging portfolio of investments including Italian team Roma.
It ends a long period of huge uncertainty at Everton, a nine-time English champion which has been an ever-present in the top division since 1954 but is without a major trophy since 1995.
Fronted by Dan Friedkin and his son Ryan, the group has investments in the automotive industry, entertainment, hospitality and sports. The Friedkins made a fortune distributing Toyotas in Texas.
They take over from Everton’s majority shareholder, Farhad Moshiri’s Blue Heaven Holdings.
“Today marks a momentous and proud occasion for The Friedkin Group as we become custodians of this iconic football club,” Marc Watts, the club’s incoming executive chairman, said on the club’s website. “We are committed to leading Everton into an exciting new era both on and off the pitch.”
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