The Friedkin Group has acquired a 94.1% stake in Everton, becoming the Premier League club’s new majority owner. The American group paid over £400 million to end Farhad Moshiri’s turbulent tenure.
The Premier League has approved the agreement reached in September. This makes Everton the 10th club that Americans own in the division.
“Today marks a momentous and proud occasion for The Friedkin Group as we become custodians of this iconic football club,” said incoming Executive Chairman Marc Watts.
“We are committed to leading Everton into an exciting new era both on and off the pitch. Providing immediate financial stability to the Club has been a key priority, and we are delighted to have achieved this.
“While restoring Everton to its rightful place in the Premier League table will take time, today is the first step in that journey.”
Dan Friedkin leads the Texas-based Friedkin Group and owns Serie A club Roma. The club has a reported net worth of £6.16 billion. Friedkin will serve as Everton’s board chairman, while Watts will manage the club’s operations.
The American group put forward a list of priorities for Everton. They aim to strengthen the first team, develop the academy, improve the women’s side, and enhance the club’s global reputation.
Dan Friedkin wrote an open letter expressing his pride about becoming Everton’s new majority owner.
“I take immense pride in welcoming one of England’s most historic football clubs to our global family, The Friedkin Group,” the 59-year-old said.
“Everton represents a proud legacy, and we are honoured to become custodians of this great institution.
“Whilst we are new to the Club, we fully understand the vital role Everton plays in local culture, history, and the lives of Evertonians here and around the world.
“We are deeply committed to honouring this legacy while contributing positively to the community, economy, and people of this remarkable city.”
Everton’s first match under new ownership will take place against Chelsea on Sunday, December 22nd. Members of the new ownership group are expected to attend the match.
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Both teams pressed with intensity but failed to generate clear goalscoring moves. Cape Verde came extremely close to opening the scoring, but South Africa defended well.
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As the clock ticked down, extra time offered no breakthrough, further amplifying the tension.
The penalty shootout unfolded with nail-biting drama. Cape Verde missed their first three penalties, while South Africa converted two. With the score 2-1 after five penalties, the pressure mounted on both sides. But South Africa’s goalkeeper, Ronwen Williams, emerged as the hero of the night, saving four penalties to secure a 2-1 victory for Bafana Bafana while showcasing his composure under immense pressure.
South Africa now marches on to the semi-finals, where they will face the formidable Nigeria. Both teams boast rich AFCON history, and this encounter promises another exciting chapter in the tournament. While South Africa may not have been considered favourites at the outset, their grit and determination have carried them this far.
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