Everton owners bankroll £10m injection, official documents filed
Everton have received a £10million injection from their owners in the form of a new share issue, sources have told Football Insider.
A Companies House submission published on Wednesday (10 September), backdated to 29 August, revealed Everton Football Club Company Limited has issued 57,143 shares.
Each share was purchased at £175 per one pound share, taking the total investment to £10m.
The latest update comes after Everton’s owners injected £46m into the club last week.
The Friedkin Group (TFG), which is spearheaded by Dan Friedkin, took over Everton last December, bringing to an end Farhad Moshiri’s eight-year spell on Merseyside.
Everton make PSR move after deal agreed
Friedkin is looking to improve Everton’s financial situation after they previously faced profit and sustainability (PSR) issues, with top-flight clubs permitted to lose £105m over a rolling three-year period.
Everton are now in a stronger PSR position, but they are still believed to be slightly restrained following their previous issues, having been deduced eight points for two spending breaches in the 2023-24 campaign.
Everton sold their women’s team to a parent company earlier this summer in a move that is expected to generate a significant paper profit and ease any lingering PSR fears.
The Merseysiders’ latest published accounts for 2023-24 revealed their revenue increased from £172m in 2022-23 to £187m, while their losses dropped from £89m to £53m across the same period.
Everton backed to agree permanent Jack Grealish deal
Everton have enjoyed a strong start to the new Premier League season after picking up six points from their opening three games.
David Moyes was backed by TFG in the summer transfer window, with nine new faces arriving through the door at the Hill Dickinson Stadium.
Tyler Dibling, Thierno Barry, Kiernan Dewsbury-Hall, Carlos Alcaraz, Adam Aznou, Mark Travers and Tom King have joined on permanent deals, while Jack Grealish and Merlin Rohl agreed loan moves.
Football Insider revealed on 31 August Everton are already considering signing Grealish permanently following his impressive start to life on Merseyside, having registered four assists in four games.
The England international has a £50m option-to-buy clause in his loan agreement, but Manchester City are likely to be open to negotiation over that price.
The 30-year-old is gearing up to take on his former side Aston Villa when they make the trip to the Hill Dickinson Stadium on Saturday (13 September).
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