What Happened to Everton Football Club?
Everton Football Club has navigated a turbulent period marked by financial irregularities, points deductions, and a protracted ownership saga. Following the collapse of the 777 Partners takeover, The Friedkin Group acquired the club in December 2024, bringing a new era of financial restructuring and stadium development. The club moved into its new Hill Dickinson Stadium for the 2025-26 season and, as of August 2026, is focused on squad development under manager David Moyes, while also exploring commercial opportunities for its new home.
Quick Answer
Everton Football Club, after facing significant financial penalties including multiple points deductions for breaching Premier League Profitability and Sustainability Rules in 2023-2024, was acquired by The Friedkin Group in December 2024. The club moved into its new 52,769-capacity Hill Dickinson Stadium at the start of the 2025-26 season, marking a major milestone. As of August 2026, under manager David Moyes, Everton finished 13th in the 2025-26 Premier League and is actively involved in the summer transfer window, recently making a U-turn on a significant player sale due to fan pressure, while also seeking to expand commercial use of its new stadium.
📊Key Facts
📅Complete Timeline13 events
Initial 10-Point Deduction for PSR Breach
Everton received a 10-point deduction from the Premier League for breaching Profitability and Sustainability Rules (PSRs) for the assessment period ending 2021-22, the largest in Premier League history at the time.
Points Deduction Reduced to 6 on Appeal
An independent appeal board reduced Everton's 10-point deduction to 6 points, acknowledging errors in the initial commission's findings.
Second 2-Point Deduction for PSR Breach
Everton was handed a further 2-point deduction for breaching PSRs for the period ending the 2022-23 season, bringing their total deduction for the season to 8 points.
777 Partners Takeover Bid Collapses
The exclusivity agreement for 777 Partners to acquire Everton expired, and the takeover deal officially fell through due to the firm's inability to satisfy Premier League requirements and repay a significant loan.
The Friedkin Group Completes Takeover
The Friedkin Group, led by Dan Friedkin, successfully completed its acquisition of a majority stake in Everton Football Club, marking a new chapter for the club's ownership.
David Moyes Returns as Manager
David Moyes was appointed manager of Everton for his second spell at the club, almost twelve years after his initial departure.
Move to Hill Dickinson Stadium
Everton Football Club played its first competitive fixture in its new 52,769-capacity home, the Hill Dickinson Stadium (formerly Bramley-Moore Dock Stadium), at the start of the 2025-26 season.
2024-25 Annual Report Shows Reduced Losses
Everton released its Annual Report for the 2024-25 season, reporting a record turnover of £196.7 million and a significantly reduced loss of £8.6 million, aided by an internal £49.2 million transaction.
Finishes 13th in Premier League
Everton concluded the 2025-26 Premier League season in 13th place, missing out on European qualification.
Academy Leadership Restructuring
Everton confirmed a number of changes and new appointments within its Academy leadership structure in advance of the 2026-27 season, aiming to improve youth development.
Request to Expand Stadium Events
Everton submitted a proposal to Liverpool Council to double the number of non-sporting events (from four to eight annually) at Hill Dickinson Stadium, seeking to enhance commercial revenue.
U-Turn on Harrison Armstrong Sale
Following significant fan backlash, Everton's owners, The Friedkin Group, pulled the plug on the proposed £40 million sale of 19-year-old midfielder Harrison Armstrong to Nottingham Forest.
Ongoing Transfer Window Activity
As the transfer window nears its close, Everton is actively involved in potential deals, including fending off Tottenham's interest in Iliman Ndiaye and exploring a return for Richarlison and Jack Grealish.
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🔍Deep Dive Analysis
Everton Football Club has endured a tumultuous period, characterized by significant financial challenges and a change in ownership. The club faced severe sanctions from the Premier League for breaches of its Profitability and Sustainability Rules (PSRs). In November 2023, Everton was initially handed an unprecedented 10-point deduction for exceeding permitted losses during the 2021-22 assessment period, which was later reduced to six points on appeal in February 2024. This was followed by a further two-point deduction in April 2024 for a breach related to the 2022-23 season, bringing the total deduction to eight points in the 2023-24 campaign.
Amidst these financial woes, the club's ownership was in flux. A proposed takeover by American investment firm 777 Partners, which had provided substantial financial support, ultimately collapsed on May 31, 2024, after failing to meet the Premier League's criteria and repay a crucial loan. This left former majority shareholder Farhad Moshiri seeking new buyers. In December 2024, The Friedkin Group (TFG), led by Dan Friedkin, successfully completed its acquisition of Everton Football Club. TFG immediately initiated a financial restructuring, converting £450.7 million of shareholder loans into equity and securing new financing, including a £350 million JP Morgan stadium loan.
A key turning point for the club was the completion and move into its new state-of-the-art home, the Hill Dickinson Stadium (formerly Bramley-Moore Dock Stadium). Construction was completed by the end of 2024, and the club officially moved into the 52,769-capacity stadium at the start of the 2025-26 Premier League season. This move is expected to significantly boost the club's revenue streams. The total project spend for the stadium reached £813 million by March 2026. In August 2026, Everton submitted a proposal to Liverpool Council to double the number of non-sporting events, such as music concerts, hosted at the new stadium, aiming to further capitalize on its commercial potential.
Under the new ownership, Everton has shown signs of financial stabilization. The Annual Report for the 2024-25 season, published in March 2026, reported a record turnover of £196.7 million and a significantly reduced loss of £8.6 million, down from £53.2 million the previous year. However, it was noted that a £49.2 million internal transaction, involving the sale of Everton Women and stadium entities to a Friedkin-owned vehicle, played a role in this reduction. The club also successfully avoided further PSR breaches for the 2024-25 season.
On the sporting front, David Moyes returned for his second spell as manager in January 2025. The 2025-26 Premier League season saw Everton finish in 13th position. As of August 2026, the club is active in the summer transfer window. A notable event occurred on August 29, 2026, when Everton made a dramatic U-turn on the proposed £40 million sale of highly-rated academy midfielder Harrison Armstrong to Nottingham Forest, following intense fan backlash. The club is also dealing with interest in Iliman Ndiaye from Tottenham Hotspur, while exploring potential returns for former players Richarlison and Jack Grealish. The Friedkin Group's early custodianship has been marked by this responsiveness to fan sentiment, though questions about long-term ambitions and potential future sales of key players or even the club itself have been raised by some observers.
What If...?
Explore alternate histories. What if Everton Football Club made different choices?