Friedkin Group to acquire majority stake in Everton

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Image credit: Everton FC Instagram

The Friedkin Group has reached an agreement to buy Farhad Moshiri’s majority 94% stake in Everton. The deal is subject to regulatory approval from the Premier League, the Football Association and the Financial Conduct Authority.

It is believed to be worth in excess of $770 million, leaving Moshiri with little return on his substantial investment.

The US-based group is led by chairman Dan Friedkin, who also owns Roma. He has a net worth of $11bn AUD according to Forbes thanks to The Friedkin Group, which was founded by his father, Thomas H. Friedkin.

Everton would become the 10th club in the Premier League under majority American ownership, joining the likes of Chelsea and Liverpool.

The deal would bring to a conclusion the damaging Moshiri reign. The British-Iranian businessman has invested more than $1445 million in the club since 2016, but many supporters have been deeply unhappy about his ownership because of its failure to hit successful transfers and its enormous debt which lead to points deductions in 2023/24.

Last season they were deducted points twice, amounting to a total of eight after an appeals process, for breaching Premier League financial rules on the level of losses clubs are allowed to make.

Everton, who have not played outside the top flight during the Premier League era, had been toying with relegation under Frank Lampard and current manager Sean Dyche, finishing in the bottom half. They started the season on only one win after six and it suggests they will spend a fourth season near the drop zone.

The Friedkin Group had agreed a deal in principle to purchase current owner Moshiri’s 94% stake in June but talks were called off a month later after the two parties failed to finalise an agreement.

That followed Miami-based 777 Partners being unable to a complete a deal earlier this year which Everton is probably fortunate to hear considering the toxicity around how they have run Standard Liege and Hertha BSC into a tough position.

In June, it was said that Friedkin hinted that he wanted Roma and Everton to sit at the top of a multi-club model, something that The Friedkin Group has yet to experiment.

Everton’s appeal to the Friedkin Group was said to be based on the club’s history, fanbase and the new stadium being built on Bramley-Moore Dock which will be used from the start of the 2025/26 season onwards.

The group in a statement said they remain fully committed to Roma and has no concerns regarding the two clubs co-existing under UEFA rules.

The Friedkin Group assumed control of Italian side Roma in 2020 and guided the club to Europa Conference League success under Jose Mourinho in 2022.

However, this success was short lived, sacking Mourinho only 10 months later before Daniele De Rossi’s short reign has the club in an awkward position in the Serie A.

After some shaky managerial appointments and sackings for AS Roma, Sean Dyche’s future also looks to be in a perilous position if he fails to turn the results around before the new year.

The Friedkin Group released a statement regarding the takeover agreement and their plans to stabilise the club.

“We are pleased to have reached an agreement to become custodians of this iconic football club. We are focused on securing the necessary approvals to complete the transaction,” a spokesperson for the Friedkin Group said in a statement last week.

“We look forward to providing stability to the club and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.”

Overall, this is fantastic news for Everton and its fanbase who were long overdue some clarity around the dark situation of their ownership.

The Friedkin Group are willing to overlook the huge stadium debt and inconsistent league results in an attempt to bring one of England’s oldest clubs back to its former glory which saw them win 9 Division One titles and 3 FA Cups.

The group will lead Everton through its new era, right before they permanently leave Goodison Park and enter the 53,000 capacity Bramley-Moore Dock which should increase the club’s revenue and bring a fresh feel to the club.

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Melbourne Victory and BYD drive innovation through new major partnership

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Image Credits: Shutterstock

Melbourne Victory has officially welcomed BYD as a Major Partner and the Club’s exclusive Motor Vehicle Supplier for the next 12 months. At a partner launch bringing together the two organisations, the focus is on building around innovation, growth and a drive for success. The partnership will place BYD at the centre of Melbourne Victory’s fan experience. The brand will feature on the front of both the A-League men’s and women’s home and away jerseys. This gives BYD a strong presence across matchdays, broadcasts and digital content throughout the season.

The partnership extends well beyond the playing kit. BYD will be integrated across Melbourne Victory’s media, Academy and community assets. The two organisations will also collaborate through Member and pathways programs. This creates opportunities for BYD to connect with Victory supporters across multiple touchpoints.

For BYD, the partnership provides a direct connection with Melbourne Victory’s growing supporter and member base. The automotive brand has built a rapidly expanding presence in Australia and New Zealand. Its partnership with Victory provides another platform to build awareness and engage with Australian consumers. BYD Australia Chief Operating Officer Stephen Collins said the alignment between the two organisations was a key factor behind the deal.

“At BYD we’re enormously excited to welcome the Melbourne Victory into the BYD family as an exclusive automotive partner,” Collins said.

“What really appeals to us was the culture of innovation and the hunger for success.”

That alignment is reflected in the way the partnership will operate. BYD will not simply appear on Melbourne Victory assets. The brand will be connected to the Club’s members, fans, business network, pathways and community programs. Melbourne Victory Managing Director Caroline Carnegie said the partnership reflects a shared ambition for continued growth. She also highlighted the organisations’ common focus on leading, connecting and inspiring their communities. Together, Melbourne Victory and BYD will bring the partnership to life across matchdays, media, community initiatives and supporter experiences throughout the 2026-27 season.

Episode 4: “You could have sold it out twice”: Peter Filopoulos on why unification is the way forward

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PETER FILOPOULOS sees Saturday’s Australia Cup final between Melbourne Victory and South Melbourne Hellas as a ‘unification event’ that must be harnessed as a window to the future – rather than a means of stirring up old division – if Australian football is to progress.

“This game sold out organically, and having run marketing, corporate affairs and communications at Football Australia previously, I don’t think they would have needed to spend one single dollar on marketing,” Filopoulos told Soccerscene Unfiltered.

“You could have probably sold it out twice! This tells me it’s the sort of product the fans want; it’s authentic and taps into the new and the old, and demonstrates culture as a real asset. You couldn’t have scripted it better.

“If I was in a decision-making position at the A-League, I’d be looking very closely at why fans have responded in such an emphatic way.”

Filopoulos has seen it all across his near-35 year career in sports administration, which by his calculation has been split evenly inside the Australian football tent and outside it – but when outside, always with at least one eye glancing back.

Fifteen years across AFL clubs Hawthorn & North Melbourne as that code moved from a financially traumatic 1990s into a wealthier new millennium; five years at Football Australia: ‘easily the most transformative period for Australian football in its history’; stints with Etihad Stadium and even a period ‘completely out of my comfort zone’ at Swimming Australia.

There’s been crisis management, stepping in as Perth Glory CEO after the 2015 salary cap scandal; he’s seen the A-League’s boom times under the Lowys & Fox Sports’ 2018 broadcast deal; he’s enjoyed the euphoria of the 2023 Women’s World Cup in Australia and New Zealand.

But all stems back to the National Soccer League and South Melbourne Hellas, and his bold decision to take on the Club’s inaugural general manager position in December 1993, aged just 25.

“I wasn’t ready… but what it taught me is when an opportunity is presented to you, just say ‘yes’ and work out how to do it later. I’ve used this throughout my career, and that was one of those instances where I threw myself in the deep end.

“I had my career mapped out, and was working quite happily in accounting. But I was a passionate fan and having grown up at the old Middle Park, it was a natural ‘yes’ – and I was young enough to take a risk.”

With today’s A-League financially ailing and great clubs of yesteryear enjoying what Filopoulos terms a ‘renaissance’ – and agitating as vociferously for a return to the top flight as at any point since the demise of the NSL – he feels it is again time for bold leadership, and a little risk.

“You can have all the ambition in the world, and in being part of a club, you’re a custodian. But as I’ve always seen it, you need a sustainable commercial model: sound ownership, sound facilities, revenue, etc…

‘But you also need to understand how to tap into that asset of culture. What we’re seeing with the Australia Cup final is a result of culture, right? You need to create it amongst your fans, and know who your fans are, and tell them what you’re striving for. Bring them along on the journey!”

Catch the full chat with Peter Filoupolos on Soccerscene Unfiltered: from ‘eyeballing’ Frank Arok and backing Ange Postecoglou, overcoming resource challenges at Football Victoria, to the rise of the Matildas, and plenty more…

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