Keith Wyness: This is How Everton's Owners Will Finance New Club Takeover

Former Everton CEO Keith Wyness has outlined how Dan Friedkin's Pursuit Sports Group plans to finance a potential takeover of the San Diego Padres, revealing it won't directly impact Everton's stability.[1][2]

Friedkin, who acquired Everton from Farhad Moshiri in December 2024, chairs The Friedkin Group (TFG), now consolidated under Pursuit Sports in the USA, overseeing assets like Everton and AS Roma. Sportico reported on February 4, 2026, that Friedkin and Chelsea co-owner Jose E. Feliciano are interested in the MLB franchise, valued at around £1.7 billion, potentially exceeding the £1.8 billion record set by the New York Mets sale in 2020.[1][3]

"They’ve been signaling an intention... They were part of the bidding for the Boston Celtics... Now, the Padres are going to be around about $2.5-3bn (£1.8-2.2bn)."
— Keith Wyness on Football Insider’s Inside Track podcast[1][2]

Wyness emphasized Pursuit Sports' strategy of sustainable club management, with financial support provided as needed for growth. To fund the massive Padres bid, the group has reorganized Everton's debt to lower costs and plans to tap financial markets for loans, leveraging a "wall of money" eager to lend against major sports franchises. Friedkin’s credibility ensures bankable financing, though the exact structure remains key.[2]

Appointing Dave Beeston, ex-Fenway Sports executive, as Pursuit Sports CEO signals serious intent for U.S. expansion. Everton fans worry about diluted investment, especially at the new Hill Dickinson Stadium, but Wyness insists it won't affect the Toffees directly. Stefan Borson, ex-Man City advisor, added that success could attract co-investors, boosting Everton transfers.[1][3]

Friedkin's heavy post-takeover investments have stabilized Everton after Moshiri-era woes. This multi-club model mirrors owners like Clearlake at Chelsea, positioning Friedkin for a sports empire.[1][3]

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