Everton was taken over by Roundhouse Capital Holdings, an entity of the Friedkin Group, which bought Moshiri’s 94% of the club’s shares held by Blue Heaven Holdings. Through further debt-to-equity conversions, Roundhouse will increase its stake in the club to 99.5%.
The Friedkin Group has outlined a vision for a “sustainable and successful” future that includes strengthening the men’s first team, developing home-grown players in the academy, a separate on-field and commercial strategy for the women’s team, as well as maximizing the potential of the new stadium.
Everton are to move from their home at Goodison Park to a new stadium at Bramley-Moore Dock, which has a capacity of 52,888.
Friedkin Group CFO Ana Dunkel will join the board, and Colin Chong will remain interim CEO until a permanent appointment is made.
New executive chairman Watts said: “Today is a momentous and proud occasion for the Friedkin Group as we become custodians of this iconic football club. We are committed to leading Everton into an exciting new era both on and off the pitch.
“Ensuring the club’s immediate financial stability was a key priority and we are delighted to have achieved this.
“While it will take time to restore Everton to their rightful place in the Premier League table, today is the first step in that journey.”
Watts said the immediate priority was to stabilize Everton and improve its performance on the pitch, adding that most of the club’s debt had been converted to equity, repaid or refinanced on more favorable terms.
