….we really need that to manifest itself on the pitch. Surely that’s in the interest of everybody involved in the club.
….we really need that to manifest itself on the pitch. Surely that’s in the interest of everybody involved in the club.
When he gets to the bit and says “don’t suppose you know where she lives?” he holds up a playing card with a picture of DBB on it.
Can you have too many smart , business minded billionaires involved in the management of Everton FC? I don't think so.
Looks like another very smart financial move by TFG.
These guys definitely know what they are doing when but comes to the business side of things.
We can only hope that they appoint well on the football side , create headroom for a decent budget for recruitment and let footballing experts get on with it.
Looks like another very smart financial move by TFG.
These guys definitely know what they are doing when but comes to the business side of things.
We can only hope that they appoint well on the football side , create headroom for a decent budget for recruitment and let footballing experts get on with it.
Charles Hawtrey
Player Valuation: £50m
Guardian:
- Fund manager joining club’s ownership group
- Idea is to give access to broader sources of funding
Exclusive by Matt Hughes
Wed 23 Apr 2025 06.28 EDT
Share
Everton have announced a new investor, with the American billionaire Christopher Sarofim joining their ownership group. The 62-year-old fund manager is also a minority shareholder of the Houston Texans NFL franchise.
Sarofim has joined Everton’s ownership group, Roundhouse Capital, and will be given an observer position on the football club’s board. Everton will remain under the day-to-day control of The Friedkin Group (TFG), which bought the club from Farhad Moshiri last December.
Sarofim’s family company, Fayez Sarofin & Co, manages assets worth an estimated $31bn (£23bn) and Everton’s owners have recruited him with a view to giving them access to broader sources of funding. His personal wealth is reported to be more than $3.7bn. His money is believed to be going into Roundhouse rather than the club. No new shares will be issued at this stage.
Christopher Sarofim pictured in Houston earlier this month. Photograph: Aaron M Sprecher/Getty Images
Sarofim is the first new investor to join Everton’s ownership group, but more are expected. TFG is understood to be targeting investors with specific skillsets and contacts rather than celebrity investors to attract attention in a model favoured by other American owners.
Real Madrid’s Luka Modric bought a stake in Swansea City this month, the NFL star JJ Watt owns shares in Burnley, and Leeds have big-name minority investors including Will Ferrell, Russell Crowe, Michael Phelps and Jordan Spieth.
Dan Friedkin, TFG’s chairman and CEO, said: “Christopher Sarofim is someone I have known and respected for many years. He brings experience, sound judgment and wisdom that will be valuable as we continue to drive the club forward in all areas.”
TFG has been extremely active since ending Farhad Moshiri’s eight-year ownership of Everton after an 18-month sales process. Sean Dyche was sacked in January and replaced as manager by David Moyes, who guided the club to Premier League safety in impressive fashion. In another significant change Angus Kinnear has been recruited as chief executive from Leeds and will join in the summer, and the sporting director, Kevin Thelwell, has been told his contract will not be renewed when it expires next month.
TFG also immediately reduced the club’s debts, which at one stage had been more than £700m, and last month agreed a £350m refinancing package to fund the new 52,888-capacity stadium at Bramley-Moore dock, which will open this summer. The borrowing was secured at less than half the previous interest, with club sources claiming it will save Everton up to £50m a year.
TFG has also commissioned a feasibility study to investigate the possibility of Goodison Park becoming the new home for the women’s team. The findings are expected by the end of next month.
So what’s the management structure of the holding co for Roma, have they done similar there or is this a new approach?
Marcus Kendall
Player Valuation: £10m
Quite an impressive pair of ears!
D
Deleted member 50501
Guest
I, for one, welcome our new billionaire overlords
To be honest that's how stuff normally works with board appointments etc, it's not generally something that's played out in the papers. There have been plenty of stories about Kinnear, Hammond etc so I wouldn't be so sure that the normal stuff isn't going to be leaked in the same way.
Frenk
Player Valuation: £35m
He looks a bit Jack Nicholson.Guardian:
- Fund manager joining club’s ownership group
- Idea is to give access to broader sources of funding
Exclusive by Matt Hughes
Wed 23 Apr 2025 06.28 EDT
Share
Everton have announced a new investor, with the American billionaire Christopher Sarofim joining their ownership group. The 62-year-old fund manager is also a minority shareholder of the Houston Texans NFL franchise.
Sarofim has joined Everton’s ownership group, Roundhouse Capital, and will be given an observer position on the football club’s board. Everton will remain under the day-to-day control of The Friedkin Group (TFG), which bought the club from Farhad Moshiri last December.
Sarofim’s family company, Fayez Sarofin & Co, manages assets worth an estimated $31bn (£23bn) and Everton’s owners have recruited him with a view to giving them access to broader sources of funding. His personal wealth is reported to be more than $3.7bn. His money is believed to be going into Roundhouse rather than the club. No new shares will be issued at this stage.
View image in fullscreen
Christopher Sarofim pictured in Houston earlier this month. Photograph: Aaron M Sprecher/Getty Images
Sarofim is the first new investor to join Everton’s ownership group, but more are expected. TFG is understood to be targeting investors with specific skillsets and contacts rather than celebrity investors to attract attention in a model favoured by other American owners.
Real Madrid’s Luka Modric bought a stake in Swansea City this month, the NFL star JJ Watt owns shares in Burnley, and Leeds have big-name minority investors including Will Ferrell, Russell Crowe, Michael Phelps and Jordan Spieth.
Dan Friedkin, TFG’s chairman and CEO, said: “Christopher Sarofim is someone I have known and respected for many years. He brings experience, sound judgment and wisdom that will be valuable as we continue to drive the club forward in all areas.”
TFG has been extremely active since ending Farhad Moshiri’s eight-year ownership of Everton after an 18-month sales process. Sean Dyche was sacked in January and replaced as manager by David Moyes, who guided the club to Premier League safety in impressive fashion. In another significant change Angus Kinnear has been recruited as chief executive from Leeds and will join in the summer, and the sporting director, Kevin Thelwell, has been told his contract will not be renewed when it expires next month.
TFG also immediately reduced the club’s debts, which at one stage had been more than £700m, and last month agreed a £350m refinancing package to fund the new 52,888-capacity stadium at Bramley-Moore dock, which will open this summer. The borrowing was secured at less than half the previous interest, with club sources claiming it will save Everton up to £50m a year.
TFG has also commissioned a feasibility study to investigate the possibility of Goodison Park becoming the new home for the women’s team. The findings are expected by the end of next month.
I imagine the plan is for the holding company to start buying up land around Bramley Moore and developing additional assets with the club and stadium as the anchor.
That whole area will transform over the coming years and I imagine Everton and TFG will be looking at driving revenues for the club too.
For the past couple of years, I've shared my view that this summer - a summer under new owners at Bramley Moore, will be our most important in Premier League era.
An opportunity for a rebuild, and lightning bolt through the club.
But I'm struggling to understand who will be responsible for that recruitment.
As in, ultimately responsible.
Is it TFG centralised structure/wider hierarchy?
Or is it localised?
Is it Moyes?
Why is a CEO, bringing in a transfer consultant with him from Leeds? The very fact press are reporting it's not a direct replacement for Thelwell says a lot.
So far, I'm thinking it's my own lack of understanding, but it would be nice to have a clearer picture soon on who is making the decisions on which footballers are coming in.
An opportunity for a rebuild, and lightning bolt through the club.
But I'm struggling to understand who will be responsible for that recruitment.
As in, ultimately responsible.
Is it TFG centralised structure/wider hierarchy?
Or is it localised?
Is it Moyes?
Why is a CEO, bringing in a transfer consultant with him from Leeds? The very fact press are reporting it's not a direct replacement for Thelwell says a lot.
So far, I'm thinking it's my own lack of understanding, but it would be nice to have a clearer picture soon on who is making the decisions on which footballers are coming in.
Paddy Boyland on the byeline a few weeks ago went through his understanding of if. No one person responsible different people with different roles in the process .
Worth a listen
I think it's that episode
Will be moyes but will have been told be tfg same with kinnear and this hammond what profile looking for. Age and well wage structure, think because of such a short time and the amount of players needing come in has played apart. Can see us still bringing more in during the season
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