Stefan Borson: This is the jaw-dropping sum Everton’s owners have spent
Everton’s owners are looking to improve the club’s financial situation after bankrolling a new injection.
The Friedkin Group (TFG), which is spearheaded by Dan Friedkin, took over Everton from Farhad Moshiri last December.
TFG has invested heavily in Everton in recent months following the previous financial struggles under Moshiri.
Companies House submissions on 17 November revealed Roundhouse Capital Holdings, Everton’s parent company, issued £107million of shares in three allotments between 12 August and 29 September.
Everton owners have spent ‘enormous’ amount of money
Former Man City financial adviser Stefan Borson exclusively told Football Insider Everton have likely spent more than £1billion of their owners’ money since they started building their new stadium in August 2021.
David Moyes’s side moved into the 52,888-capacity Hill Dickinson Stadium at the start of this season, with the development setting the club back around £800m.
Speaking exclusively to Football Insider about the £107m injection, Borson said: “I just think it shows again these clubs need a wealthy owner because it’s really expensive to fund a club.
“I mean, Everton let’s say since the start of the stadium project have probably spent £1bn, maybe more of owner money to build the stadium, to develop the side and cover losses. It’s maybe more than £1bn actually, maybe £1.1bn or £1.2bn.
“I mean, it’s just an enormous amount of money, and there’s no sign really that it’s going to stop.”
Everton are now in a stronger profit and sustainability (PSR) position, but they are still believed to be slightly restrained following their previous issues, having been deducted eight points for two spending breaches in the 2023-24 campaign.
Everton owners could be forced into heavy spending
Borson insisted TFG will need to spend a lot of money to fill in the gaps that weren’t a priority while the new stadium was being built.
“There’s quite an investment required at Everton now that they’ve stabilised, got the new stadium doing well, building revenue,” said Borson.
“That’s all great, but to take it to the next level, to invest in the side on the pitch, to start filling in the other gaps that they’ve got, maybe the training ground wasn’t the priority while they were building the stadium. That’s what tends to happen.
“You’ve got to prioritise, so there’s likely to have been things that they haven’t prioritised while they’ve been building the stadium. Well, now they’ve got to try and fill those gaps and it’s just really expensive again.”
Everton currently sit 13th in the Premier League table as they prepare to take on Man United on Monday (24 November).
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