Everton supporters have had plenty to digest since the summer transfer window slammed shut. The biggest talking point right now centres on the club’s American owners, The Friedkin Group, actively seeking new investors.
The Athletic reported on September 3 that TFG is exploring fresh investment, most likely through the sale of a minority stake. Sources close to the situation indicated the move aims to bring in strategic partners who can help drive the club forward.
This development arrives against the backdrop of a summer window that left many fans frustrated. Everton generated significant income, selling Iliman Ndiaye to Manchester City for around £65 million and Beto to Fiorentina for approximately £15 million. Yet the club failed to land a new striker after a proposed £40 million deal for Folarin Balogun collapsed late on deadline day due to medical concerns.
Ownership under scrutiny
TFG completed its takeover of Everton in December 2024, ending Farhad Moshiri’s turbulent reign. The group, which also owns AS Roma, has since refinanced debt and provided stability. However, the recent transfer activity and squad depth issues have reignited questions about long-term plans.
Manager David Moyes has been candid about the challenges. He described the squad as “really small,” noting just one senior striker in Thierno Barry and only 18 outfield players available. Moyes confirmed the club is now scouring the free-agent market while preparing for the January window.
The timing of the investment search matters. Everton sit eighth in the Premier League after a mixed start, and supporters had hoped the new ownership would accelerate progress. Instead, the threadbare squad and failed deals have fuelled discontent, including protests over a proposed sale of homegrown midfielder Harrison Armstrong that was ultimately scrapped.
Why does this story resonate so strongly? Everton fans have endured years of financial uncertainty. Any move involving ownership raises hopes of greater ambition but also fears of further upheaval. A minority stake sale could inject funds without ceding control, yet it signals TFG may not be fully committed to sole ownership long-term.
Reliable journalists at The Athletic have tracked these developments closely, drawing on sources with direct knowledge. Their reporting aligns with comments from Moyes and chief executive Angus Kinnear, who have both acknowledged the squad’s limitations.
For supporters, the coming weeks will be telling. January offers a chance to strengthen, but the ownership situation will dominate conversation until clarity emerges. Everton’s history shows that stability off the pitch is essential for on-pitch success, and this latest development keeps that debate very much alive.