“This is Unbelievable amount”- It’s just been revealed how much the Friedkin Group have already spent at Everton – it’s staggering
Everton is set for an extremely busy few days.
Alan Myers anticipates that the Friedkin Group will finalize their takeover of the club on Wednesday, marking the end of Farhad Moshiri’s eight-and-a-half-year tenure as owner.
The American investors have been working quietly behind the scenes throughout the process and are believed to already have significant plans in place.
The Friedkins are reportedly targeting Dan Ashworth to replace Kevin Thelwell as sporting director and have compiled a list of potential candidates to succeed Sean Dyche as manager.
Additionally, the new owners are preparing a £100m stadium naming rights deal, which could generate £10m annually for the club over the next decade.
Clearly, the future looks promising for Everton, with the Friedkin Group committed to restoring the club to its former glory. This commitment is reflected in the substantial investments they’ve already made since agreeing a deal with Moshiri in September.
The Friedkin Group has already spent £200m on Everton According to The i Paper, the Friedkin Group has already invested a staggering £200m in Everton over the past three months. This includes paying off existing debts and covering the mandatory costs associated with the new stadium at Bramley-Moore Dock.
They’ve also taken on the day-to-day operating costs of the club, demonstrating their dedication.
The owners are planning a complete overhaul of Everton, focusing on reshaping the club from top to bottom and will begin working on day one.
New members of the executive team are expected to be announced as soon as the takeover process is completed.
Friedkin Group to focus on improving recruitment One of the main priorities for the new owners will be improving Everton’s recruitment, which is seen as key to turning the club’s fortunes around on the pitch. While they plan to invest heavily in this area, they acknowledge that they won’t be able to spend their way out of trouble this season due to the Premier League’s Profit and Sustainability Rules.
It’s likely that players may need to be sold to fund potential January signings for manager Sean Dyche. However, the Friedkins’ long-term plans are sure to bring excitement to Everton supporters.
