Premier League: US owners dominate over half of 20 clubs Sport Business The Premier League returns this evening for its 35th season, and clubs have become commodities traded by some of the world’s richest and most influential investors. From private equity funds to billionaires to sovereign wealth, this current crop of 20 team owners – this season seeing Hull City, Coventry City and Ipswich Town replacing Burnley, [...]
Moshiri to Friedkin: Inside Everton’s Hill Dickinson Stadium deal Sport Business Proud Everton fans very nearly walked into a brand new arena called the MoneySuperMarket Stadium. Alas, the Toffees now call the Hill Dickinson Stadium home. The international commercial law firm’s roots are entrenched on the banks of the River Mersey, but the search for a title sponsor for the Premier League’s newest stadium was a [...]
Christopher Sarofim: NFL minority owner joins Everton board Sport Business US fund manager Christopher Sarofim, a minority owner of the NFL’s Houston Texans, has joined the board of Everton FC after buying into the club’s ownership group. Sarofim, 63, is chairman of Fayez Sarofim & Co, a fund set up by his father which manages $30bn in assets, and a friend of new Everton owner [...]
Everton takeover confirmed but Friedkin Group has warning for fans December 19, 2024 Everton’s new owner, the Friedkin Group, has warned “it will take time” to make them successful again after completing their long-awaited takeover. The deal will bring stability to the nine-time English champions following years of financial distress, new executive chairman Marc Watts said. But he added that turning Everton from relegation-threatened strugglers back into a [...]
Farhad Moshiri agrees sale of Everton to Roma owner Dan Friedkin September 23, 2024 Everton owner Farhad Moshiri has agreed to sell his majority shareholding in the Premier League club to American investor Dan Friedkin, it has been confirmed. Friedkin, who already owns Italian club AS Roma, revived talks over a deal expected to be worth between £400m and £500m earlier this month. “Blue Heaven Holdings and The Friedkin [...]
Prospective Everton buyers back £160m software PE fund June 20, 2024 The prospective buyers of Everton Football Club have backed a $200m (£157.7m) private equity fund investing in European software Companies.