18/02/2026 13comments  |  Jump to last

The Friedkin Group (TFG), a privately held consortium headquartered in Houston, Texas, stands as one of the most structurally complex and financially potent business empires in the United States. As of the fiscal year ending September 2024, the Group reported consolidated revenues of $13.3B, securing its position as the 34th largest private company in America.

While public awareness of TFG has occurred primarily through its high-profile ownership of European football institutions, specifically AS Roma and  Everton FC, the Group’s economic reality is rooted in a vertically integrated automotive monopoly that generates immense, recession-resistant free cash flow.

Founded in 1969 by Thomas H Friedkin and currently governed by his son, Chairman and CEO Dan Friedkin, TFG has evolved from a regional distributor into a transnational diversified holding company. The Group employs over 11,600 associates across 12 countries, managing a portfolio that spans automotive distribution, luxury hospitality, entertainment production, venture capital, and professional sports.

The Friedkin Group has a highly centralised decision-making core which retains tight control over a sprawling operational map. Unlike public corporations subject to quarterly market scrutiny, TFG operates with a dynastic long-term horizon, facilitated by a board structure that places trusted leaders in cross-functional roles across disparate industries.

A distinct feature of the Friedkin governance model is the deployment of core automotive and financial executives into the boardrooms of unrelated subsidiaries. For instance, Eric Williamson, whose expertise lies in automotive logistics and dealer relations, sits on the board of Everton FC.

This strategy ensures that the operational rigour, logistical efficiency, and cost-control mindset inherent to the automotive distribution business are transplanted into the often financially profligate worlds of European football and luxury hospitality.

 

Reader Comments (13)

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Sean Mitchell
1 Posted 17/02/2026 at 11:43:56
‘Everton News' claims big money will be spent this summer and Moyes will be offered a new deal.

I despair at the absolute shite they spout. Are they real people, robots, or some kopites taking the piss? Even AI couldn't make up the garbage that they make up.

In any event, I'd not be surprised if absent owners do so in offering a new deal. Just my opinion. They're no show so far has us all wondering why. Yet they pass the UK to watch their favourite Rome team.

Back to Moyes and his bench. Your face has to clearly fit.
The likes of O'Brien, Keane, Tarkowski, Gueye are safe.
Have a good game in their absence; expect them to replace you the next game.

Soul-destroying for playing well.

Brian Harrison
2 Posted 17/02/2026 at 13:02:13
I do wonder what plans TFG have for us. So far, they haven't bothered to visit the stadium or met the manager or players and most importantly haven't bothered to meet the fans.

Dan Friedkin came over for the Dunhill Cup, a golf competition played in Scotland, but cant be bothered jumping on his private jet and popping in to see his massive outlay on a new stadium.

I am beginning to think they are more interested in the money they can earn from putting on non-football events at the new stadium, than they are about the footballing side.

Yes, we dodged a bullet not ending up with 777 Partners as owners but the lack of interaction between TFG and the club and the fans is worrying. Obviously being safe in the Premier League for another season means there has been no fan pressure on the owners.

Tony Abrahams
3 Posted 17/02/2026 at 14:35:36
The Silence from The Friedkins is appalling, Brian.

Thanks for buying us, you don't have to speak to us, but surely showing just a little bit of interest might just help stir the emotions and give us a feeling that these people lack a little bit more ambition than adding to their portfolio.

Paul Griffiths
4 Posted 17/02/2026 at 19:37:41
Sean:

'In any event, I'd not be surprised if absent owners do so in offering a new deal. Just my opinion. They're no show so far has us all wondering why. Yet they pass the UK to watch their favourite Rome team.'.

Saint Daniel the Absent loves his jolly jaunts to Rome and golf in Scotland but he has been nowhere near our ground, or players or fans, and I wonder if he even talks to Moyes.

Similarly, Saint Angus the Silent hardly makes up for the lack of communication. He dashed off his miserable last window missive and nothing at all since then and nothing of substance before it this season.

Brian (41) is spot on. Friedkin does not get us and has made no attempt to do so, it seems -- although, rermember, Mr Gaynes did tell us that he can 'guarantee' that St Daniel the Absent is -- what was the phrase? -- falling for us. Mr Gaynes did not respond to multiple requests for the evidence for his 'guarantee'.

One of the consistent complaints about the last regime was the lack of communication. If anything, it is worse now. This emptiness does make you wonder with Brian about the nature of TFG's commitment to us and what the main motivatiions are.

We keep being reminded that TFG care and they stabilised our finances. Well, of course they did; they cannot make the big bucks until they do so. Am I wrong in thinking that TFG recently took a fair chunk of change from the club?

Mark Taylor
5 Posted 18/02/2026 at 01:53:50
If Patterson, Aznou and Dibling aren't worth playing, then we need to bin them fast and sign replacements for each. Plus a second right-back.

Then one has to assess the striker position because, of our current two, neither looks first choice and maybe not even back-up. If we count George as ours and if he's good enough, and we don't sign Grealish (certainly not for tens of millions) then we need one more wide player, this time with some pace.

That is 6 or 7 (quality) signings in summer -- just to get a proper squad that could get into Europe -- and assumes everyone else stays and we're okay with ageing players like Tarkowski, Keane and Gana.

Does Friedkin have that kind of money, £200M plus? I can't see it...

Mike Gaynes
6 Posted 18/02/2026 at 07:18:10
Mark #73, assuming Beto, Patterson, Coleman and Keane all depart, and possibly Gana as well, I think we'll need 10-12 signings to credibly compete in Europe. If Rohl, George and Grealish are three of them, we will still need four across the backline at an absolute minimum, more pace on the wings, and of course two forwards.

In my opinion, the primary question surrounding our spending is not whether Friedkin has the money -- he's considerably wealthier than the RS or Spurs owners, for example -- but what he is allowed to spend under PSR/SCR.

If projections that Everton will increase revenues 50% this year are accurate, then the club will generate somewhere around £300M. Under the new SCR regs a club can net spend 85% of its revenues on players. That would give us a budget cap of roughly £250M.

I have no idea if that's accurate, or whether Friedkin is in fact willing to spend that much, but it may well mean we will be swimming in more bountiful waters this summer.

Paul Griffiths
7 Posted 18/02/2026 at 07:33:31
Ah, Mr Gaynes who has been assuring us -- might I use the word 'guarantee'? -- for months now that TFG have a long-term plan in which the next window - stage 2? - will involve big expenditure that we - what? - should salivate over, is now saying this summer's window will now depend on 'what [Saint Daniel the Absent] is allowed to spend under PSR/SCR'.

More shifting goal posts, Darren - 78. MG sounds like Saint Angus the Silent before the last window, suggesting that we might not get what we want.

But hey-ho, let's raise a glass to stage 2 that will surely sort out our major squad issues.

ITFGWT
ISDTAWT
ISATSWT

Brian Harrison
8 Posted 18/02/2026 at 10:57:37
Mike,

I don't think anybody is questioning whether TFG has the money to invest, I think the question many are asking is: Why hasn't he visited the ground?

I think our previous owner has been to the Hill Dickinson Stadium more than Dan Friedkin. Paul Quinn has written a very interesting article on X about TFG. The group own 3 clubs and I get the impression that he just treats them like another one of his Toyota franchises.

This to Friedkin is just a business venture that he hopes will give him a good return on his investment, and absolutely nothing wrong in that. But he has visited AS Roma one of his other clubs on numerous occasions.

Now while Everton might be just another investment in his portfolio, you would think, just out of curiosity, he would have visited. As I said in an earlier post, he finds time to fly into Scotland every year for the 4-day Dunhill Cup competition, so why, when being so close, is the Hill Dickinson Stadium not on his agenda to visit?

I have no idea whether TFG will be good owners or not but I do worry about their arm's length approach to Everton.

Tony Abrahams
9 Posted 18/02/2026 at 11:19:20
The first thing I came to when I tried to google that, Brian, was an article reposted about the Glazers being the kings of leveraging, and it got me thinking about the dividend TFG paid themselves not so long ago.

Everyone has got to make a profit, but I think the Premier League should have stepped in years ago (straight after it became apparent what the Glazers were actually doing) with regard to this type of leveraged buyout.

I might be talking nonsense but something doesn't sit right about this type of buyout, and I don't think Man Utd, ve been the same since this particular takeover.

I think we are going to be finding out a lot more about the silent Friedkins very soon... but up to now, I've been very dubious about their overall intentions regarding Everton Football Club.

John Collins
10 Posted 18/02/2026 at 11:29:40
The fat one out of the two cowboys who bought Liverpool on similar subject, Tony.

Asked to explain leveraged buyouts: "I bought Weetabix a while back, every time someone eats a bowl of Weetabix, they are helping me to pay for it."

I'm not liking what I'm seeing on this; hopefully I am wrong. The transfer window in summer will give us a lot of answers.

Steve Brown
11 Posted 18/02/2026 at 13:06:42
Everton's revenue is forecast to rise by 30% to nearer £250M for the financial year ending 30 June 2026.

The club will able to spend 85% of revenue on squad costs (£212M) -- players wages, transfer fees and agents fees. The current wage bill for 2025-26 is £76.3M and we likely spent £10M on agents' fees.

Therefore, the amount available for net spend on transfers could be around £125M. So similar to last summer.

Michael Kenrick
Editorial Team
12 Posted 18/02/2026 at 13:40:30
Quick FYI: I've moved most of the TFG discussion to this thread.

In the words of our leader, Thank you for your attention to this matter.

Tony Abrahams
13 Posted 18/02/2026 at 13:52:21
Move my post from the other thread and put it in it’s rightful place in this one for me then, please Michael

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