> ## Content Index > Fetch the complete content index at: https://www.footballbusinessnews.com/llms.txt > Use this file to discover other available public pages before exploring further. # Everton Up for Sale as Friedkin Group Weighs Exit Less Than Two Years After Takeover - URL: https://www.footballbusinessnews.com/everton-up-for-sale-as-friedkin-group-weighs-exit-less-than-two-years-after-takeover/ - Published: 2026-10-11T07:20:14.000Z - Updated: 2026-10-11T07:20:14.000Z - Description: Everton’s owners are exploring a sale under two years after buying the club. A reported £800m price includes about £380m of debt. Who pays it? ( - Author: Football Business News ## Everton Back on the Market: Friedkin Group Explores Sale of Controlling Stake Ownership M&A Premier League 11 Oct 2026 Everton are for sale again. Twenty-two months after buying the club, the Friedkin Group is exploring offers for a controlling stake, with a reported price tag of around £800 million once debt is included. ![Hill Dickinson Stadium on the Liverpool waterfront](https://commons.wikimedia.org/wiki/Special:FilePath/Hill_Dickinson_Stadium.jpg) Hill Dickinson Stadium. The completed waterfront ground is the centrepiece of the Friedkin Group's pitch to buyers. Image via Wikimedia Commons. The owners confirmed the move in a club statement on Friday, saying they were open to the ["potential sale of a controlling interest"](https://www.insideworldfootball.com/2026/10/09/freidkin-looks-for-everton-exit/?ref=footballbusinessnews.com). The group said it had brought stability to a club in financial trouble, delivered the new stadium, and now felt the time was right for a new chapter. It added that it would only engage with parties it considered the right stewards. Texan billionaire Dan Friedkin's group completed its takeover in December 2024, buying Farhad Moshiri's 94.1% stake for a [reported £400 million](https://gulfnews.com/sport/football/everton-owners-consider-sale-less-than-two-years-after-takeover-1.500704397?ref=footballbusinessnews.com). That deal ended an eight-year Moshiri era and followed the collapse of a proposed buyout by Miami-based 777 Partners. Investment bank Moelis & Company has [reportedly been hired](https://heavy.com/sports/soccer/everton-controlling-stake-sale-friedkin/?ref=footballbusinessnews.com)to run the process. No buyer has been named. **\~£800m** Reported enterprise value sought, including debt **\~£380m** Reported debt that would pass to a new owner **£400m** Reported price TFG paid for 94.1% in December 2024 **79%** Wage-to-turnover ratio in 2024/25, per Deloitte ### What the £800m actually means The headline number needs unpacking. According to The Times' Paul Joyce, as [summarised by Read Everton](https://readeverton.com/everton-800m-asking-price-friedkin-group-sale/?ref=footballbusinessnews.com), the figure of roughly £800 million is an enterprise value that includes about £380 million of debt. The equity cheque to TFG would be much smaller than the headline suggests. Even so, that would be a sizeable uplift on the entry price. TFG also put substantial capital into the club after completion. Per [The Swiss Ramble](https://swissramble.substack.com/p/everton-finances-202324), it converted a £451 million shareholder loan into equity and then injected more to clear third-party debt, taking its holding to 99.5%. The true return depends on how much of that capital is recovered. **Why stadium debt shapes the price**Clubs fund new grounds with long-term borrowing. Whoever buys Everton is buying stadium financing that has to be serviced whatever happens on the pitch. That is why the debt sits inside the valuation rather than alongside it. ### Why sell now? The obvious pull is Rome. TFG also owns AS Roma, where it has invested more than €1 billion and is pushing ahead with the Pietralata stadium, expected to cost around [€1.3 billion](https://sports.yahoo.com/articles/friedkin-place-focus-roma-amid-080100402.html?ref=footballbusinessnews.com). Italian reporting suggests avoiding clashes under UEFA's multi-club ownership rules is another factor, should both clubs reach Europe. The relationship with Merseyside has also looked distant. Manager David Moyes said last month that he had never met or spoken to Friedkin, and the chairman has yet to attend a home game. Moyes told reporters he was ["pretty surprised"](https://gulfnews.com/sport/football/everton-owners-consider-sale-less-than-two-years-after-takeover-1.500704397?ref=footballbusinessnews.com)by Friday's news. His own contract expires at the end of the season. **The selling points** A new waterfront stadium, refinanced debt, a nine-time champion's brand and a loyal fanbase. The club is far more stable than it was under Moshiri. **The cost base** Deloitte puts Everton's wage-to-turnover ratio at [79% for 2024/25](https://www.fourfourtwo.com/team/why-everton-will-struggle-to-find-a-buyer-after-the-friedkin-group-put-club-up-for-sale?ref=footballbusinessnews.com), leaving little room to service debt and fund the squad. **The buyer pool** Recent Premier League deals have favoured global brands, capital-city clubs or low-debt growth stories. Everton fit none of those neatly. ### A test of the post-stadium premium Fans who sat through the 777 saga will be wary of another long process. The Everton Shareholders' Association [welcomed the announcement](https://www.irishnews.com/sport/soccer/everton-put-up-for-sale-less-than-two-years-after-friedkin-group-took-charge-R2O73FDJKJNUXNI6V47D3ZMYDI/?ref=footballbusinessnews.com), but summer sales of key players had already strained trust in the ownership. The bigger question is for the market. TFG is betting that a finished stadium and a cleaner balance sheet have roughly doubled what the club is worth. No deadline or official valuation has been set. How bidders respond will show whether new stadiums create real value in Premier League M&A, or whether the debt behind them cancels most of it out. **Football Business News** Independent coverage of football finance, ownership, investment, sponsorship, media rights, stadiums and the commercial structure of the global game.