Everton owners The Friedkin Group (TFG) are exploring the potential sale of a controlling stake in the club, less than two years after completing their takeover in 2024.
The American group, led by chairman Dan Friedkin, acquired the Premier League club in a deal believed to be worth more than £400 million.
In a statement, TFG said it had prioritised financial stability, investment and the opening of Everton’s new stadium last year, adding that the time was right “to consider the next chapter”.
“The Friedkin Group is exploring new investment options for Everton Football Club, including the potential sale of a controlling interest,” TFG said.
“When TFG became custodians of Everton, the club faced significant financial uncertainty and challenges both on and off the pitch. The immediate priority was to provide the stability, investment and support needed to secure the club’s future, including helping to bring the long-promised stadium to completion for its deserving supporters.
“With that foundation now safely in place, the time is right to consider the next chapter for Everton.”
TFG had outlined a vision for a “sustainable and successful” future for Everton when it took over, but its leadership came under scrutiny during the summer transfer window.
In September, manager David Moyes said he had never met or spoken to Friedkin since returning to the club in January 2025.
Friedkin, who is based in Houston, leaves the day-to-day running of Everton to his son-in-law, Rishi Majithia, who works alongside chief executive Angus Kinnear.
The owners also faced criticism from supporters over transfer decisions during the summer.
Fans reacted angrily after Everton accepted a £40 million bid from Nottingham Forest for England Under-19 midfielder Harrison Armstrong, one of the club’s prized young players.
Everton eventually withdrew from the deal, but supporters remained frustrated by the subsequent sale of striker Beto to Fiorentina.
The departure left the Toffees with just one recognised striker, 23-year-old French forward Thierno Barry.
TFG said it would only consider offers from parties it believed could provide the right leadership for the club’s future.
“Throughout this process, TFG’s focus will remain unchanged. We will support the club in all ways necessary to achieve success on the pitch and will continue efforts to make a positive difference in the communities the club serves,” the statement continued.
Faridah Abdulkadiri
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