Ex-EFC chief: TFG have 'deleveraged' Everton with latest official documents reveal

Everton‘s finances have been steadied under The Friedkin Group following the release of their 2024-25 accounts.

That is according to Everton’s former chief executive Keith Wyness, speaking to Football Insider, as the accounts showcase the finances of the club in the first six months with The Friedkin Group at the helm.

It reveals The Friedkin Group cleared debt of over £250million when they took over the club in December 2024.

The ownership also sold Everton’s women’s team to themselves for almost £50m, which has helped bring losses down.

Everton grew revenue, which is expected to continue to increase in their next set of accounts thanks to their move from Goodison Park to Hill Dickinson Stadium.

Everton told to close financial gap on Premier League rivals

Everton’s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – says that the latest accounts put into focus the dire financial state of the club before The Friedkin Group.

Speaking on the new edition of Football Insider‘s Inside Track podcast, Wyness praises The Friedkin Group for ensuring Everton’s finances are on a stable footing.

He told Football Insider‘s Inside Track podcast: “It made me have delayed PTSD, post-traumatic stress syndrome, I’ll tell you.

“I didn’t realise how close Everton was to collapse at the time. And this is bringing it back into real focus. I suppose the positives were the end of last year. It is a positive to get to revenue of nearly £200m, but you’re behind Newcastle at £300m, Villa at over £300m, West Ham even at £220, in between £220m and £270m for the last two seasons.

“That was at Goodison, so they’re going to have to make that leap up with the new stadium. But of course, what we did see was that Everton got completely deleveraged. The Friedkin Group managed to get the interest away from the equivalent of payday lenders like Rights and Media Funding into proper institutional banks at longer term, lower interest rates.

“The whole club is on a much more stable basis. It was only the sale of Goodison to the women’s team that really managed to bring the club into a more positive side. Now that isn’t going to happen every season and so that gap, £50 million, is going to have to be filled with new revenue, which it should be every year.”

Everton target £20m transfer deal

Sources have told Football Insider that Leicester City winger Abdul Fatawu is on Everton’s radar ahead of a possible approach in the summer transfer window.

Fatawu, also of interest to Sunderland, would not be expected to stay at the Foxes if they suffer relegation from the Championship to League One.

The 22-year-old could be available for £20m, rather than the £30m release clause included in his contract, but Leicester will not stand in the way of the forward leaving the club.

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