Dan Friedkin set for £800m Everton takeover discount as transfer budget explained

Dan Friedkin, the American investor, is on the verge of completing a takeover deal for Everton Football Club, valued at £400 million, a significant discount from the club’s estimated worth of £1.2 billion.

The deal, which is still subject to Premier League ratification, would see Friedkin acquire a 94% stake in the club from current owner Farhad Moshiri.Football finance analyst Citizens of Suburbia has conducted an in-depth analysis of Everton’s finances, concluding that the club’s enterprise value is around £1.2 billion, which includes the Bramley Moore Dock development.

While the true picture is more complex, the report suggests that Friedkin’s equity investment is viable and will sustain the club.The analysis also projects Everton’s recruitment budget for the 2025-30 period to be between £200 million and £315 million, giving fans an idea of the level of spending they can expect under Friedkin’s ownership. However, the club must first navigate the Premier League’s Profit and Sustainability Rules (PSR), formerly known as Financial Fair Play (FFP).Friedkin’s involvement with AS Roma, which he has owned since 2020, does not preclude him from taking over Everton.

However, if both clubs were to qualify for the same European competition, it could raise issues. Italian media reports suggest that Roma would take precedence in any multi-club model established by Friedkin.Everton fans are cautiously optimistic about the takeover, given the protracted nature of the deal and the failure of 777 Partners to complete a takeover last year. However, the prospect of a fresh start under new ownership is exciting, especially given the club’s turbulent history off the pitch.

The deal’s completion would mark a significant milestone for Everton, who have been seeking new ownership for over a year. Friedkin’s investment would provide a much-needed boost to the club, enabling them to compete more effectively in the transfer market and improve their overall financial stability.In conclusion, Dan Friedkin’s takeover of Everton is a significant development for the club and its fans. While the deal is not yet complete, the prospects of a fresh start under new ownership are exciting, and the potential for increased investment in the team and infrastructure is a welcome development.