Expert says Everton worth £1.2bn, £800m more than reported Friedkin deal
Football finance analyst and blogger Citizens of Suburbia has conducted a remarkable in-depth look at Everton’s finances and the context around Friedkin’s would-be takeover.
The report finds that Everton’s enterprise value is around £1.2bn, a figure which tallies with a number of other analyses from industry experts.
Friedkin is expected to pay £400m for Moshiri‘s 94 per cent stake in the club. On face value, that’s an £800m discount.
Of course, the true picture is a lot more complex than that. The £1.2bn figure includes the Bramley Moore Dock development, which is not yet fully funded and will represent a cost for Friedkin.
Even so, Citizens of Suburbia suggests that that even a conservative estimate would value Everton’s equity alone after the stadium project is complete is around £580m.
As the equity value is projected to grow post-2025, the conclusion Citizens of Suburbia reaches is that Friedkin’s equity investment is viable and will sustain the club.
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