Stefan Borson: Everton’s Owners Have Made ‘Surprising’ Behind-the-Scenes Move

Everton’s new owners, The Friedkin Group (TFG), led by Dan Friedkin, have made a significant behind-the-scenes financial injection into the club, issuing £107 million in shares through their parent company, Roundhouse Capital Holdings. This move, revealed in Companies House submissions on November 17, underscores TFG's commitment to stabilizing Everton after taking over from Farhad Moshiri in December 2024.[1]

Former Manchester City financial advisor Stefan Borson described the development as evidence of the "enormous" costs involved in running a Premier League club. He estimates that Everton has likely spent over £1 billion of owners' money since starting their new stadium project in August 2021—potentially £1.1-1.2 billion—including £800 million for the 52,888-capacity Hill Dickinson Stadium, now occupied by David Moyes’s team this season.[1]

Borson highlighted how previous owner Moshiri's era left the club with heavy losses, stadium development expenses, and squad investments. TFG's recent funding covers ongoing bills and fills gaps neglected during the stadium priority phase. "These clubs need a wealthy owner because it’s really expensive to fund a club," Borson told Football Insider. With the stadium boosting revenue, further investments are required for squad development and financial recovery.[1]

The takeover process was turbulent; Everton narrowly avoided "disaster" when 777 Partners' bid collapsed due to Premier League approval failure and co-founder Josh Wander's charges for defrauding lenders of over $500 million (£377 million). 777 had loaned £200 million, which TFG repaid upon acquisition, using those funds effectively during the drawn-out sale.[2]

Currently 14th in the Premier League—six points above relegation—Everton under Moyes benefits from TFG's restructuring. Borson warns of continued heavy spending needs, positioning this share issuance as a surprising yet vital step toward long-term stability and competitiveness.[1][2]

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