Exclusive: Everton update emerges as Dan Friedkin plots new takeover move
Everton owner Dan Friedkin’s investment in the club will not change if he completes a takeover of the San Diego Padres, sources have told Football Insider.
The American billionaire is chairman and CEO of The Friedkin Group (TFG), which took over Everton from Farhad Moshiri in December 2024.
TFG has invested heavily in Everton over the past year following the Premier League club’s previous financial struggles under Moshiri.
Meanwhile, Sportico reported on 4 February Friedkin and Jose E. Feliciano, whose Clearlake Capital owns a majority stake in Chelsea, are among the parties to have expressed an interest in buying the San Diego Padres.
The MLB franchise is valued at around £1.7billion, while the record sale of a baseball team was Steve Cohen’s near £1.8bn purchase of the New York Mets in 2020.
How Dan Friedkin has backed Everton financially
Bloomberg’s Billionaire Index shows Friedkin’s net worth is just short of £8bn, making him the 323rd richest person in the world.
The 60-year-old’s investments are spread across multiple industries, with Gulf States Toyota, Serie A giants Roma and other entertainment and hospitality businesses making up TFG’s portfolio alongside Everton.
As part of their commitment at the Hill Dickinson Stadium, Everton’s owners bankrolled a £107m injection into the club across three share issues between August and September.
It is understood that investment was made to help cover the Toffees’ day-to-day operations and ensure transfer payments are met by David Moyes’s side.
Sources with close connections to the club have told Football Insider purchasing the San Diego Padres will not prevent TFG from continuing to invest in Everton.
The Texas-based firm is believed to be in a strong position to lend the necessary capital to help finance a move for the MLB franchise.
How much revenue did Everton generate last season?
TFG is looking to improve Everton’s financial situation after they previously faced profit and sustainability (PSR) issues, with top-flight clubs permitted to lose £105million over a rolling three-year period.
The Merseyside giants were deducted a total of eight points in the 2023-24 campaign after being charged with two separate PSR breaches.
It was revealed last summer Everton had sold their women’s team to a parent company in a move that is expected to generate a significant paper profit and ease any lingering PSR fears.
The Toffees’ latest published accounts for 2023-24 revealed their revenue stood at £187m, but Deloitte’s 2026 Money League revealed that figure improved to £197m last season.
In terms of on-field matters, David Moyes’s side currently sit eighth in the Premier League table as they compete for a European place this season.
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