From the Guardian · · 1m 20s
Everton Owner TFG Seeks Sale After Two Years
Everton's owner TFG explores selling the club after stabilizing finances and stadium move.
In brief
Everton's owner TFG explores selling the club after stabilizing finances and stadium move. Everton's owner The Friedkin Group is selling the club after two years to secure a buyer for £800m including £380m debt. Originally reported by the Guardian.
Everton Moves to Hill Dickinson Stadium
Everton moved to Hill Dickinson Stadium last season after their owners secured funding on more favourable terms.
TFG Seeks Sale After Two Years
Everton’s owner, The Friedkin Group, is looking to sell the club less than two years after taking over from Farhad Moshiri.
TFG Confirms Investment Options
The Houston-based company confirmed in a statement on Friday that it was seeking fresh investment in Everton but was also open to relinquishing control should a suitable buyer be found.
TFG Targets £800m Sale Price
An asking price of about £800m, including long-term debt of about £380m, would represent a healthy return in the event of a full sale.
Transfer Window Raises Questions
The club’s transfer strategy changed midway through the summer window to a sell-to-buy policy, with the owner’s decision to accept a £40m offer from Nottingham Forest for Harrison Armstrong the first sign of that shift.
TFG Faces Uefa Restrictions
TFG believed it could work around Uefa regulations on multi-club ownership but faces having to put one club in a blind trust to avoid sanctions.
The headline
Everton's owner The Friedkin Group is selling the club after two years to secure a buyer for £800m including £380m debt.
