Sean Dyche learns Everton fate as January transfer decision made by new owner
David Anderson
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Revealed: Sean Dyche’s Everton future and January transfer plans following takeover
Dan Friedkin has completed his takeover of Everton and has made a decision on Sean Dyche’s future as Blues boss – as well as how much money will be made available in January for the Toffees to spend
Sean Dyche has learned his fate at Everton (
Image: PA)
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14:00, 19 Dec 2024
Sean Dyche will be allowed to carry on by new Everton owner Dan Friedkin – but will not have a blank cheque book in the January transfer window.
Friedkin completed his takeover of Everton on Thursday and his company Roundhouse Capital Holdings Limited have bought Farhad Moshiri’s 94.1 per cent stake in the club. The American billionaire, who also owns Roma, will stick by Dyche as he battles to keep Everton in the Premier League ahead of their move to their new stadium at Bramley Moore Dock.
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The focus will be on maintaining the club’s position in the Premier League and the Blues are 16th, three points above the relegation zone. Friedkin knows Dyche is well equipped to achieve this, but cannot hand him a significant warchest next month because of PSR concerns.
The rules cover a club’s spending in the last three years and Everton are mindful because they were twice deducted a total of eight points last season for breaching PSR. This leaves Dyche and Thelwell very little room for manoeuvre as they look to strengthen the Blues squad.
Friedkin will become chairman of the board and he has appointed Marc Watts to serve as executive chairman. Representatives from The Friedkin Group will be at Goodison Park for Sunday’s clash with Everton and the club hope to confirm who in the coming days.
Everton’s debts, such as the £200million owed to former prospective owners 777 Partners, have been converted to long-term loans and instead of maxing their credit cards, the club now has a sustainable mortgage.
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Watts says TFG want to bring some much-needed stability to the club and said: “Today marks a momentous and proud occasion for The Friedkin Group as we become custodians of this iconic football club.
Dan Friedkin is the new Everton owner (
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Fabio Rossi/AS Roma via Getty Images)
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“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.”
Friedkin has written an open letter to Everton fans, claiming he wants to excite them. “Across all our endeavours, we strive to deliver extraordinary experiences that ignite people’s passions,” he wrote. “We are thrilled to bring this ethos to Everton and the Liverpool city region.”
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