Everton’s ownership situation has taken another intriguing turn, with financial expert Stefan Borson offering his assessment of who could emerge as the club’s next owners. The former Manchester City financial adviser believes an American investor is the most likely candidate to take control of the Merseyside club as The Friedkin Group (TFG) explores its options.

The latest development will attract considerable attention from Everton supporters, many of whom are eager to understand what the future holds for their club following the current owners’ decision to explore fresh investment opportunities.

TFG only took control of Everton in late 2024, but the American ownership group is now reportedly considering a potential sale of its controlling interest. That possibility has raised questions about the long-term direction of the club, particularly after a summer transfer window that left some supporters hoping for greater investment in the playing squad.

According to Borson, however, any prospective buyer will need substantial financial resources to complete a transaction of this size and unlock the wider commercial opportunities surrounding Everton.

🇺🇸 AMERICAN INVESTOR EMERGES AS THE FAVOURITE

Speaking exclusively to Football Insider, Borson explained why he expects Everton’s next owner to come from the United States.

The financial expert believes the club’s size, the complexity of the proposed transaction and the way the sale process is being conducted make an American bidder the most plausible outcome.

He suggested that the club now represents a more attractive proposition than it did previously, particularly because the new Hill Dickinson Stadium has been completed.

The modern ground provides Everton with a significant asset, potentially offering opportunities to increase commercial revenue, attract investment and develop the surrounding area.

Borson indicated that a buyer with substantial financial backing could look beyond the football operation and consider the wider business opportunities associated with the stadium and neighbouring land.

He explained that the most likely outcome would involve an American bidder, noting that much of the sale process is being managed from the United States.

However, this remains an expert assessment rather than confirmation that a particular investor has been selected or that a takeover agreement is close to completion.

For Everton supporters, the prospect of another American ownership group raises an important question: could new investment provide the financial stability and ambition needed to move the club forward?

🏟️ HILL DICKINSON STADIUM COULD BE A MAJOR ATTRACTION

One of the biggest factors that could influence Everton’s search for a new owner is the club’s impressive new stadium.

The Hill Dickinson Stadium represents a major milestone in Everton’s history, providing a modern home with the potential to generate additional income through matchdays, hospitality, commercial partnerships and non-football events.

For an investor looking at Everton purely as a football club, the opportunities on the pitch will remain important. However, a buyer with a broader business strategy could see considerable value in developing the area around the ground.

Borson believes the surrounding urban development could be particularly attractive to an investor with sufficient capital to undertake a major project.

Such a venture would require significant funding, careful planning and a long-term commitment. Nevertheless, it could potentially create additional revenue streams that extend beyond football.

The financial expert also highlighted the possibility of separating the football operation from a property business, allowing the two enterprises to operate alongside one another.

Under such a structure, a property company could manage relevant development opportunities and generate income that supports the wider investment.

This model has attracted interest in football because it can create a broader commercial platform, although its success depends on the details of the ownership structure, financing arrangements and the development opportunities available.

For Everton, the stadium and its surroundings could therefore prove just as important in attracting a new investor as the club’s Premier League status.

💰 WHY THE FRIEDKIN GROUP MAY NEED A BUYER WITH DEEP POCKETS

Any potential Everton takeover would represent a substantial financial commitment.

The club has undergone significant changes in recent years, including its ownership transition, the move to a new stadium and continued efforts to establish a stronger financial foundation.

A prospective buyer would need to assess the club’s existing financial obligations, operating costs, transfer requirements and opportunities to improve commercial performance.

Borson believes an investor with considerable financial resources would be best placed to complete the transaction and pursue the opportunities available around the stadium.

Such a buyer could potentially provide Everton with the resources to strengthen the first-team squad while also supporting longer-term business development.

However, having substantial wealth does not automatically guarantee success. A new ownership group would also need a coherent strategy, effective leadership and a clear understanding of the financial demands of operating a Premier League club.

Supporters will understandably want more than a wealthy owner. They will want evidence that any new investment can translate into a competitive team, responsible financial management and a sustainable future.

👀 COULD PREVIOUSLY INTERESTED INVESTORS RETURN?

Although the focus is increasingly on the possibility of an American buyer, Borson does not believe previously interested parties should automatically be dismissed.

The completion of the new stadium and the club’s changing circumstances could encourage some investors who considered Everton in the past to reassess the opportunity.

A more stable operating environment may make it easier for potential buyers to evaluate the club’s long-term prospects.

Names such as Amanda Staveley have featured in discussions surrounding possible investment, while speculation about other wealthy individuals has also attracted attention.

However, interest, rumours and exploratory discussions should not be confused with an official offer or a completed agreement.

At present, there is no confirmed announcement identifying Everton’s next owner.

The sale process could take considerable time as interested parties examine the club’s financial position, negotiate potential terms and assess whether the investment meets their objectives.

That uncertainty means Everton supporters may have to wait before learning whether a serious bidder is prepared to move forward.

🚨 ALISHER USMANOV LINK SPARKS ANOTHER TAKEOVER DEBATE

Another name to have entered the conversation is Alisher Usmanov, the billionaire businessman who previously had connections to Everton through former owner Farhad Moshiri.

Reports and comments suggesting that Usmanov could potentially become interested in returning to the Everton picture have generated discussion among supporters.

His past association with Moshiri means his name remains familiar to many Evertonians, although the possibility of renewed involvement raises complicated questions.

Usmanov is subject to UK sanctions, and any potential involvement would depend on the applicable legal and regulatory restrictions. Those circumstances make it inappropriate to treat his possible return as a straightforward takeover option.

Borson has not entirely dismissed the possibility of renewed interest under different circumstances, but he does not consider it the most likely outcome.

For now, speculation surrounding Usmanov remains just that. There is no confirmed agreement establishing him as a prospective buyer, and Everton’s future ownership cannot be determined on the basis of rumours alone.

The American investment route remains Borson’s preferred prediction.

💷 WILL EVERTON’S £1 BILLION VALUATION SLOW THE PROCESS?

Another potential obstacle is the reported price that TFG could seek for Everton.

Figures approaching £1 billion have been discussed in connection with a possible sale, although the precise valuation and the terms any buyer might accept have not been confirmed.

A valuation of that size would naturally narrow the field of potential investors.

Purchasing Everton would involve more than paying for the football club itself. Any prospective buyer would also need to consider financing arrangements, outstanding obligations, future investment requirements and the commercial potential of the stadium.

The scale of the commitment could explain why identifying the right buyer may take time.

TFG will need to find an investor willing to agree to the proposed terms, while interested parties will want to ensure that the price reflects the club’s assets, financial position and long-term earning potential.

Even if serious discussions are already taking place, a transaction of this complexity would require detailed negotiations and appropriate due diligence.

For Everton supporters, that means an ownership change may not happen as quickly as some would like.

Nevertheless, the stadium and the club’s position in English football could continue to attract investors prepared to take a long-term view.

🔵 WHAT DOES THE TAKEOVER UNCERTAINTY MEAN FOR EVERTON?

The possibility of another ownership change inevitably raises questions about Everton’s future direction.

Supporters will want to know whether a new investor would increase spending on players, improve the club’s commercial performance and provide a clear plan for challenging higher up the Premier League table.

They will also be interested in whether a potential buyer would prioritise the stadium’s commercial opportunities alongside the football operation.

A successful takeover could offer Everton an opportunity to establish a new long-term strategy. However, the identity of the buyer alone would not determine the club’s future success.

The quality of the leadership team, the decisions made in the transfer market and the ability to generate sustainable revenue would all play important roles.

Until a sale is completed, TFG remain responsible for the club’s direction, and supporters will expect Everton to continue competing while the ownership situation develops.

The priority must remain building a competitive squad, maintaining financial stability and making the most of the opportunities created by the new stadium.

🏁 EVERTON’S NEXT CHAPTER COULD DEPEND ON AN AMERICAN INVESTOR

Borson’s assessment has added another layer to the growing discussion about Everton’s ownership future.

The financial expert believes an American buyer is the most likely candidate, with the Hill Dickinson Stadium and the surrounding development opportunities potentially providing significant attractions for an investor with substantial resources.

Although other names have been mentioned, including Usmanov, no confirmed agreement has identified the person or group that will eventually take control.

The potential £1 billion valuation, the scale of the required investment and the complexity of the wider development opportunities could all influence how quickly the process moves forward.

For Everton supporters, the central issue is what a change of ownership would mean for the club they love.

A new investor could bring fresh resources and a different commercial strategy, but supporters will ultimately judge any new ownership by the decisions it makes and the progress Everton achieves on the pitch.

Will an American billionaire become Everton’s next owner, or could a surprise bidder emerge to change the entire takeover race? 👀💙