Everton FC’s owners, The Friedkin Group are considering the sale of a controlling interest in the club.
It comes less than 2 years after they acquired the club for around £400m.
In a statement today, they said:
“The Friedkin Group is exploring new investment options for Everton Football Club, including the potential sale of a controlling interest.
“When TFG became custodians of Everton, the Club faced significant financial uncertainty and challenges both on and off the pitch. The immediate priority was to provide the stability, investment and support needed to secure the Club’s future, including helping to bring the long-promised stadium to completion for its deserving supporters.
“With that foundation now safely in place, the time is right to consider the next chapter for Everton. We will only entertain interest from parties who we strongly believe will be the right stewards to take the Club forward and build on the momentum that has been established.
“Throughout this process, TFG’s focus will remain unchanged. We will support the Club in all ways necessary to achieve success on the pitch and will continue efforts to make a positive difference in the communities the Club serves.
“TFG and the Club will not be commenting further while this work is under way.”
READ MORE – Everton owners hunt for new investment – FT report
TFG has retained investment bank Moelis & Company to handle the move.
In September it was first reported that they were working with advisors, but at the time, talks were in early stages.
It comes after Fenway Sports sold a minority stake of Liverpool to a consortium, including Jeff Bezos, which valued it at £5.5bn.
While on the pitch it has been a successful start for Everton, which sits at 7th in the table, off it, fans were hugely disappointed in the transfer window. The club spent £100m on new players and off-loaded £129m. That’s a small fraction of the combined £4bn spend across the Premier League.
