Overview
- The Friedkin Group has formally opened a sale of a controlling interest in Everton and has hired investment bank Moelis & Company to advise the transaction.
- Advisers expect early, indicative offers by the end of the year but say a completed sale is unlikely before January, meaning limited new transfer funds in the winter window.
- Insiders warn the Friedkins will fund the club only until a buyer is found and may reduce spending to 'maintenance level' if the sale is not done before next summer, which would constrain squad investment.
- Market commentary places a likely valuation nearer £800 million rather than £1 billion and highlights roughly £380 million of club debt that any buyer would need to address.
- Rumours of high‑profile suitors, including Alisher Usmanov, have surfaced but UK sanctions and Premier League approval rules create major legal and regulatory barriers for some prospective investors while the club continues to refocus on the new stadium and commercial upside.