Friedkin Group completes purchase of Everton and becomes 10th US owner in Premier League
The Texas-based Friedkin Group has completed its 98.8% purchase of Everton
Half of the Premier League is under majority American ownership after Texas-based Friedkin Group completed its 98.8% purchase of Everton on Thursday.
The takeover ended Farhad Moshiri's turbulent eight-year tenure at the storied English club, which joins the Friedkins' wide-ranging portfolio of investments that includes Italian team Roma. The size of the deal was undisclosed but the BBC and other British media valued it in excess of 400 million pounds ($500 million).
Fronted by Dan Friedkin — who has a net worth of $6.4 billion, according to Forbes — 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.
“I take immense pride in welcoming one of England’s most historic football clubs to our global family,” Dan Friedkin said. “Everton represents a proud legacy, and we are honored to become custodians of this great institution."
