Friedkin Group to acquire majority stake in Everton

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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Driving Health Forward: Melbourne Victory partners with Hydrodol

Melbourne Victory has celebrated a new partnership with Australian wellness brand, Hydrodol. The deal will see both parties collaborate for the rest of the 2024/25 A-Leagues season.

Hydrodol is a significant supplements provider across Australia, New Zealand the Asia Pacific, supplying customers with cutting edge products tailored to assist with hydration and a range of other health concerns.

Together, Melbourne Victory and Hydrodol will join their philosophies of driving health and fitness forward in order to bring attention to healthy living practices among the Australian football community.

Melbourne Victory Managing Director, Caroline Carnegie, expressed admiration for the partnership.

“We are delighted to welcome Hydrodol to the Melbourne Victory family,” she said in a press release.

“This partnership reflects a shared vision of supporting individuals to perform at their best whether they’re on the pitch, in the stands, or in their daily lives. Together, we aim to provide meaningful benefits to our fans, players, and the broader Victory community.”

Hydrodol Marketing Manager, Jenn Leung, echoed Carnegie’s applause.

‘Hydrodol is passionate about empowering people to feel their best, whether they’re elite athletes or everyday Australians,” she said via press release.

“Partnering with Melbourne Victory, Australia’s biggest football club allows us to connect with a vibrant community that values health, performance, and well-being.”

Melbourne Victory Director of Football, John Didulica, outlined the significance of the club’s collaboration with Hydrodol in a press release.

“To lead successful football programs, it is essential that we look to partner with companies like Hydrodol, who can help maintain and improve our players’ recovery from the demands of professional football and readiness to compete each week,” he said via press release.

For the remaining games of the 2024/25 season, fans and spectators will be able to see Hydrodol advertisement material at the Home of the Matilda’s and AAMI Park, as both Melbourne Victory and Hydrodol work to bolster the health and wellbeing of the community.

FIFA set new global benchmark for Women’s Football Development

In a landmark initiative for women’s football, FIFA has unveiled an ambitious strategy aimed at reaching 60 million female players worldwide by 2027.

The comprehensive plan, supported by 13 distinct development programmes, is available to all 211 FIFA Member Associations, marking a significant step forward in the sport’s global evolution.

FIFA also took the announcement to highlight the achievements for women’s football in the Asian Football Confederation (AFC) and Oceanic Football Confederation (OFC).

The recently enhanced FIFA Women’s Development Programme underscores the organisation’s strengthened commitment to expanding the women’s game.

The upcoming 2025 calendar promises several groundbreaking developments for women’s football.

The Philippines will host the inaugural FIFA Futsal Women’s World Cup, while Morocco makes history as the first African nation to stage the FIFA U-17 Women’s World Cup.

The latter tournament sees significant expansion, growing from 16 to 24 teams and shifting to an annual format.

International competition reaches new heights with continental championships scheduled across multiple confederations.

The pathway to the FIFA Women’s World Cup Brazil 2027 commences with African qualification matches, while major regional tournaments including the UEFA Women’s EURO and OFC Women’s Nations Cup will crown new champions.

In a significant advancement for club football, all six confederations will host their respective continental club championships for the first time.

This renewed focus comes amid unprecedented growth in participation rates, particularly evident in the 2023 FIFA Women’s World Cup co-host nations.

New Zealand has reported a remarkable 27 per cent surge in female participation since 2022, with particularly strong growth among Māori and Pasifika communities, showing a 14 per cent increase.

A strategic partnership between New Zealand Football and Māori Football Aotearoa further strengthens grassroots development.

New Zealand Football CEO Andrew Pragnell voiced the federations successful results.

“The expansion of football and futsal in Aotearoa New Zealand has been extraordinary, with the Women’s World Cup serving as a genuine catalyst for growth,” he explained via official FIFA press release.

Across the Tasman, Football Australia’s Growing Football Fund Community Grants programme continues to foster development at the grassroots level.

The latest round of funding benefits 118 recipients, complementing the 121 projects supported in March 2024.

This initiative particularly emphasises regional development, with nearly half the grants allocated to areas outside major metropolitan centres.

The grants provide essential support for women’s football development, encompassing coach education, introductory programmes, and vital equipment procurement, further cementing the sport’s foundation at the community level.

Also within the AFC, footballing powerhouse Japan has successfully hosted the continent’s first female-exclusive Pro Licence coaching course.

A collaborative effort between FIFA, AFC, and the Japan Football Association (JFA), represents a significant milestone in professional football development.

The intensive seven-day course attracted participants from fourteen nations, featuring presents such as AFC Technical Director Andy Roxburgh and Japan men’s national team coach Hajime Moriyasu.

Participants gained valuable practical experience through observations of pre-season training sessions at both J.League and Nadeshiko League clubs.

JFA Technical Director Masanaga Kageyama emphasised the programme’s strategic importance and inclusivity.

“This course is a joint AFC/JFA initiative to increase the number of top-level, professionally licensed female coaches in Asia. It aims to provide existing talents with additional advice to help them achieve greater success in their current coaching positions and secure future success,” Kageyama explained via official FIFA press release.

This initiative aligns with JFA’s renowned long-term development philosophy and a significant advancement in creating pathways for women in professional football coaching.

This newly improved strategy at the global scale will hopefully allow for more women in both professional and amateur spaces to get the opportunities they deserve in football.

It also highlight’s that AFC & OFC nations, including Australia, will have a strong place within the growth of women’s football.

Read more on the FIFA Women’s Development Program here.

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