{
  "id": 11165260,
  "title": "Everton owners The Friedkin Group part of £850m mega stadium redevelopment",
  "url": "https://urgent.news/2026/10/01/everton-owners-the-friedkin-group-part-of-850m-mega-stadium",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-01T10:00:00.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/everton-owners-the-friedkin-group-part-of-850m-mega-stadium-redevelopment/"
  },
  "original_language": "en",
  "account": "The Friedkin Group, owners of Premier League club Everton, is investing around £850 million in a major new stadium for the city. The new £500 million, 60,000-capacity stadium will be built in Pietralata, around 10km from Everton's current home. The Friedkin Group, who took over Everton in 2024 from Farhad Moshiri, will also fund urban development alongside the construction of the stadium. AS Roma, the Serie A team sharing the Stadio Olimpico with Lazio, is also planning a move to the new venue. The Friedkin Group received approval to build the privately funded stadium last week, and work is set to begin next March. The Minister for sport and youth, Andrea Abodi, praised the approval as a \"great team effort,\" adding that it is a significant win for Roma fans, the city, and the country. The new stadium, designed by Populous, will feature the largest single-tier stand in Europe and will be one of many built or renovated ahead of the 2032 European Championships, co-hosted by Italy and Turkey. The mayor of Rome, Roberto Gualtieri, thanked the Friedkin Group and AS Roma for the investment of over €1 billion and the serious approach taken in the project process.",
  "summary": "Owners of Premier League club Everton, The Friedkin Group, are spending around £850m on a major new stadium that is set to host matches at the 2032 Euros. The Friedkin Group, who purchased Everton in 2024 from Farhad Moshiri, will pump around £500m into a new 60,000-capacity capital city stadium with additional funds for urban [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}