World : Everton Put Up For Sale As Owners Explore âNext Chapterâ For The Club
LONDON, Oct 9 (Bernama-PA Media/dpa) -- Everton’s owners have put the club up for sale less than two years after acquiring a controlling interest in the club, reported PA Media/dpa.
American owners of Premier League club Everton are contemplating the possibility of selling the team less than two years following their acquisition. The Texas-based Friedkin Group disclosed in a statement on Friday that they are evaluating new investment avenues for the London-based club, "which may include the potential sale of a controlling interest."
The Friedkin Group, which also possesses Serie A club Roma, secured Farhad Moshiri's 94.1 percent stake in Everton for £400 million ($529 million) in December 2024. They subsequently oversaw the team's relocation from Goodison Park to their new 53,000-capacity Hill Dickinson Stadium.
Upon assuming control of Everton, the Friedkin Group encountered substantial financial uncertainty and challenges both on and off the pitch. However, the group now declares that the foundation for the club is secure, marking an opportune moment to consider the subsequent chapter for Everton. The statement notes, "We will only entertain interest from parties we firmly believe will be the right stewards to carry the club forward and build upon the momentum that has been established."
Despite being present in the English top flight since 1954, Everton has faced a period of underwhelming performances, securing 13th place in each of the club's last two Premier League seasons under manager David Moyes. This decline came after a turbulent summer transfer window, culminating in the failure to secure US striker Folarin Balogun. During September, Moyes publicly expressed his lack of familiarity with Dan Friedkin, CEO of the Friedkin Group, who has yet to attend a match at Goodison Park.
Everton's illustrious history includes nine league titles, placing the club fifth on the all-time list of English top-flight winners, following Manchester United, Liverpool, Arsenal, and Manchester City. However, Manchester United, Liverpool, Arsenal, and Manchester City have claimed the title since Everton's last victory in 1987, and the club has not won a trophy since the 1995 FA Cup.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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