London, 9 October 2026 — EBM Newsdesk Analysis — By Anthony Gill
The Friedkin Group has put Everton up for sale, less than two years after buying Farhad Moshiri’s 94.1% stake in December 2024. The Texas-based owner says it is “exploring new investment options,” including selling a controlling stake. It has hired the investment bank Moelis & Company to run the process, according to The Athletic. A full sale or a majority stake are both possible.
In a statement, Friedkin said its first priority had been to bring “stability, investment and support” to a club in financial trouble. With that done, “the time is right to consider the next chapter for Everton.” It added that it will only deal with buyers it believes will be “the right stewards.”
From Rescue to Exit
Friedkin bought Everton at its lowest point. Under Moshiri the club had points deductions for breaching spending rules, relegation battles and debts that were becoming hard to manage. Friedkin refinanced those debts and oversaw the move from Goodison Park to the new Hill Dickinson Stadium on the Liverpool waterfront.
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SubscribeThat move changes Everton’s finances. A larger, modern stadium brings in more matchday and hospitality revenue, which affects how much a club can spend under the Premier League’s rules. Friedkin is selling a club with a new ground and stabilised finances, and the price will reflect that.
A Question of Priorities
Some supporters and pundits think Friedkin’s attention has moved elsewhere. After a quiet summer transfer window, critics argued that the group’s priority is Roma, the Italian club it also owns, which is building a new stadium of its own. Dan Friedkin is regularly seen at Roma matches. Owning two clubs, each with a major stadium project, takes a great deal of money and attention.
Who Might Buy
No bidders have been named. The likely buyers are the ones circling every Premier League sale: US private equity, sports investment funds and wealthy owners from the Gulf, who already own large parts of European football. The guilty verdict against Manchester City over “sham” deals and MPs’ questions to HMRC about City’s tax affairs mean any new owner will face closer scrutiny than buyers did a decade ago.
Premier League clubs are still attractive. Broadcast deals keep growing as the battle over streaming rights intensifies, and players are increasingly treated as assets that can be traded.
My Read
This looks like a classic turnaround sale. Friedkin bought a club in trouble cheaply, fixed its debts, finished the stadium and now wants to sell before the costs of competing at the top of the Premier League rise again. That is good business. Whether it is good for Everton depends on who buys next. Supporters have been through Moshiri’s spending, points deductions and near-relegation. What they need now is an owner who plans to stay, not another one planning a quick sale.
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