American billionaire joins Everton’s ownership group with hope of new investment | OneFootball

The American billionaire Christopher Sarofim has joined Everton’s ownership group as they look to bring in more investors.

Sarofim, chairman of the global investment manager Fayez Sarofim & Co, will be Board Observer at Everton after becoming part of Roundhouse Capital Holdings Limited.

New owners The Friedkin Group bought Everton from Farhad Moshiri via Roundhouse, an entity within TFG, and will continue to run the club.

Sarofim, a former Goldman Sachs analyst, has almost four decades of experience in investment and fund management and TFG are open to other minority investors with something to offer becoming involved.

Everton, who are conscious of American owners at other clubs getting high-profile minor investors like Tom Brady at Birmingham and Will Ferrell at Leeds, are aware it is one way of raising their profile in the United States.

Sarofim is also a minority investor in the Houston Texans, with his father one of the founding investors in the NFL team.

Sarofim said: “I’m delighted to have the opportunity to join the ownership group of Everton – a historic sporting institution with a very exciting future. I have known and admired the Friedkin family for many years and I look forward to working with [executive chairman] Marc Watts, The Friedkin Group and everyone at Everton to help the club fulfil its huge potential on and off the pitch.”

TFG chairman and CEO, Dan Friedkin added: “Christopher Sarofim is someone I have known and respected for many years. He brings experience, sound judgment and wisdom that will be valuable as we continue to drive the club forward in all areas.”

Sarofim’s arrival continues the swift change as Everton prepare to leave Goodison Park for their new stadium at Bramley-Moore Dock.