The Friedkin Group have added a new investor in Everton, with the announcement that American billionaire Christopher Sarofim has joined the holding company Roundhouse Capital.
Sarofim will be given an observer position on Everton’s board of Directors. Everton will remain under the day-to-day control of TFG, which bought the club from Farhad Moshiri last December.
Sarofim’s family company, Fayez Sarofin & Co, manages assets worth an estimated $31B (£23B) and Everton’s owners have recruited him with a view to giving them access to broader sources of funding.
The 62-year-old fund manager is also a minority shareholder of the Houston Texans NFL franchise. His personal wealth is reported to be more than $3.7B. His money is believed to be going into Roundhouse rather than the club. No new shares will be issued at this stage.