Roundhouse Capital Holdings Limited, part of the Friedkin Group, has taken over Everton, wiping out a substantial portion of the club's £600m debt. The takeover brings financial stability and a commitment to rebuilding the club, with support for manager Sean Dyche and director of football Kevin Thelwell.
Sean Dyche and director of football Kevin Thelwell expected to be backed by new owners who have wiped out a significant chunk of the club's £600m debt into an “exciting new era” after completing their takeover and wiping out a significant amount of the club’s near £600m of debts. Everton have been acquired by Roundhouse Capital Holdings Limited, an entity within the Friedkin Group, after regulatory approval was finally granted on Thursday morning.
The deal brings financial stability to Everton at a stroke, with the group emphasising they intend to rebuild the club with a firm commitment to strengthening the first team. Marc Watts, a senior figure at the Friedkin Group, has taken over as executive chairman to lead a new board that will have responsibility for football affairs. He will be joined by Ana Dunkel, the chief financial officer of the Friedkin Group, while Colin Chong will remain on the board as interim CEO as the club continue their search for a permanent CEO. Stability is the clear message after the announcement with sources saying the group are backing director of football Kevin Thelwell and manager Sean Dyche, with meetings planned in the coming days to support both over the next few months. In an opening statement to fans, Watts said: “Today marks a momentous and proud occasion for the Friedkin Group as we become custodians of this iconic football club. “We are committed to leading Everton into an exciting new era both on and off the pitch. Providing immediate financial stability to the club has been a key priority, and we are delighted to have achieved this. While restoring Everton to its rightful place in the Premier League table will take time, today is the first step in that journey.” The deal will bring instant financial stability to Everton, with all short-term debts removed from the club’s ledger and the group having agreed to convert the club’s near £300m external debts into “long-term senior debt” with blue chip financial institution
FOOTBALL EVERTON TAKEOVER FRIEDKIN GROUP FINANCIAL STABILITY
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