Everton owners bankroll £46m injection – official documents filed
Everton have received a £46million injection from their owners in the form of a new share issue, sources have told Football Insider.
A Companies House submission published on Thursday (4 September), backdated to 12 August, revealed Everton Football Club Company Limited has issued 262,863 shares.
Each share was purchased at £175 per one pound share, taking the total investment to £46million.
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 fans saw their shares in the club diluted earlier this year after Friedkin initially secured a 99.5 per cent stake.
Everton owners agree women’s team sale
Friedkin is looking to put Everton on a better financial footing after the club faced various profit and sustainability (PSR) issues under Moshiri.
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.
The Times reported on 28 July Everton have sold their women’s team to a parent company in a move that should generate a paper profit of tens of millions of pounds that could help the club make new signings and still comply with the PSR rules.
The Merseysiders’ latest published accounts for 2023-24 revealed their revenue increased from £172million in 2022-23 to £187million, while their losses dropped from £89million to £53million across the same period.
Who did Everton sign in the summer transfer window?
David Moyes strengthened his squad in the summer transfer window, with nine new faces arriving through the door at the Hill Dickinson Stadium.
Tyler Dibling was Everton’s most expensive signing after he joined in a £40million deal from Southampton.
Meanwhile, Thierno Barry, Kiernan Dewsbury-Hall, Carlos Alcaraz, Adam Aznou, Mark Travers and Tom King have also joined on permanent deals, with Jack Grealish and Merlin Rohl agreeing loan moves.
The Toffees have won two of their opening three games of the new Premier League season.
They will be back in action against Aston Villa on 13 September after the ongoing international break.
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