Everton owners The Friedkin Group (TFG) are exploring the potential sale of a controlling stake in the club less than two years after completing their takeover in a deal believed to be worth more than £400 million.
The American investment group, which took control of Everton in 2024, announced the development in a statement, saying the club had reached a point where it was time to consider its next chapter after prioritising financial stability, investment and the opening of its new stadium.
“The Friedkin Group is exploring new investment options for Everton Football Club, including the potential sale of a controlling interest,” the group said.
TFG added that its immediate priority after taking over was to address the club’s financial uncertainty and challenges both on and off the pitch.
“With that foundation now safely in place, the time is right to consider the next chapter for Everton,” the statement added.
Friedkin’s Leadership Faces Scrutiny
TFG, led by chairman Dan Friedkin, had outlined a vision for a sustainable and successful future for Everton when it took over the club.
However, its leadership came under scrutiny during the summer transfer window, amid concerns over the club’s transfer decisions and communication with its manager.
In September, Everton manager David Moyes said he had never met or spoken to Friedkin since returning to the club in January 2025. The American businessman is based in Houston, Texas.
Friedkin has delegated the club’s day-to-day operations to his son-in-law, Rishi Majithia, who works alongside chief executive Angus Kinnear.
Transfer Decisions Anger Everton Supporters
Supporter frustration intensified after Everton accepted a reported £40 million bid from Nottingham Forest for England Under-19 midfielder Harrison Armstrong, one of the club’s prized young assets.
Everton eventually withdrew from the deal, but further discontent followed the sale of striker Beto to Fiorentina.
The departure left the Toffees with just one recognised striker, 23-year-old French forward Thierno Barry, raising concerns about the squad’s attacking options.
TFG Sets Conditions for Potential Buyers
Despite exploring a change in ownership, TFG insists it will be selective about any potential deal.
The group said it would only “entertain interest from parties who we strongly believe will be the right stewards to take the club forward”.
It also pledged to continue supporting Everton throughout the process, maintaining its commitment to improving results on the pitch and making a positive difference in the communities served by the club.
The potential sale could mark a significant change in Everton’s ownership less than two years after TFG took charge, although the group has not announced a completed deal or identified any prospective buyers.
