Everton owners exploring sale less than two years after £400m takeover

The Friedkin Group, led by American billionaire Dan Friedkin, announced on 9 October 2026 that it is exploring the sale of Everton Football Club, including a potential controlling interest stake, less than two years after completing a full takeover in December 2024 valued at over £400 million.

In a statement, the Friedkin Group said that after prioritizing stability, investment, and completing Everton's new stadium, "the time is right to consider the next chapter." The group emphasized it would only entertain offers from parties it deems suitable stewards for the club's future. The decision comes after the group inherited a club facing significant financial uncertainty and worked to establish what it characterized as a stable foundation.

The announcement follows a turbulent 2026 summer transfer window that damaged relations between ownership and supporters. The group's attempt to sell prized England Under-19 midfielder Harrison Armstrong to Nottingham Forest for £40 million prompted fan backlash, though the deal ultimately fell through. Everton subsequently sold midfielder Iliman Ndiaye to Manchester City for £65 million and striker Beto to Fiorentina, leaving the squad depleted. Manager David Moyes, reappointed in January 2025, revealed in September that he had never met or spoken to Friedkin, who remains based in Houston and delegates day-to-day operations to his son-in-law Rishi Majithia and chief executive Angus Kinnear.

The Friedkin Group also owns AS Roma, where it is funding a new stadium project valued at approximately £1 billion. According to Sky Sports analysis, the group is reportedly seeking between £800 million and £1 billion for Everton, which would represent a substantial profit on its acquisition. The rapid shift to exploring a sale has raised questions about the group's long-term commitment, with observers noting the substantial financial investment required to restore the club to sustained Premier League competitiveness.