Everton have been purchased by The Friedkin Group after the Premier League approved the deal and new chairman Dan Friedkin has a much higher worth than Liverpool’s owner John W Henry
The Friedkin Group has completed its takeover of Everton, and the club’s new owner is worth considerably more than Liverpool’s John W Henry.
A deal was initially agreed between Everton and TFG in June but collapsed a month later. However, the takeover was revived, and a new agreement was reached in September. The takeover is not Dan Friedkin’s first foray into the football world, as TFG purchased Roma in 2020.
The Premier League ratified the takeover on Thursday, after it was already approved by the FA, Women’s Professional Leagues Limited and Financial Conduct Authority. Ending Farhad Moshiri’s eight-year reign at Everton, Friedkin has been proposed as chairman of the board. Here is a closer look at the new owner’s net worth.
Dan Friedkin net worth
According to Forbes, Friedkin has a net worth of £6.25bn ($7.9bn). The 59-year-old became CEO of Gulf States Toyota and TFG after his father, Thomas, retired in 2000. Gulf States Toyota sold £8.6bn worth of cars in 2023, with exclusive rights to sell Toyotas in Texas, Arkansas, Louisiana, Mississippi, and Oklahoma.
The US businessman became chairman of Auberge Resorts Collection in 2013. The company has a collection of luxury resorts and hotels in the US, Mexico, Costa Rica, Europe, the Caribbean, and Fiji. In 2017, Friedkin co-formed film production company 30West and has since co-founded entertainment studio Imperative Entertainment.
Friedkin is worth an estimated £1.5bn more than Liverpool owner John Henry, who earned his riches in trading before starting his sports empire, which includes MLB franchise Boston Red Sox and NHL team Pittsburgh Penguins.
Message to Everton fans
As a result of the takeover, Everton have made immediate changes at boardroom level. Marc Watts has been named executive chairman and will run the club, while Friedkin will be chairman of the board. TFG’s chief financial officer Ana Dunkel will also join the Everton board.
In a message to Everton supporters, Friedkin said: “I take immense pride in welcoming one of England’s most historic football clubs to our global family, the Friedkin Group. 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.”
Learn more
As January approaches, Everton fans will hope that some of TFG’s wealth will be used to improve Sean Dyche’s squad in a bid to climb up the table. However, while the Toffees may make signings in the upcoming transfer window, the club will likely proceed with caution after being handed two points deductions last season for failing to comply with the Premier League’s financial rules.
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