Latest news with #RoundhouseCapitalHoldings
Forbes
26-04-2025
- Business
- Forbes
Jason Kidd Joins Everton Ownership Group Increasing American Influence
MINNEAPOLIS, MINNESOTA - JANUARY 31: Head coach Jason Kidd of the Dallas Mavericks reacts against ... More the Minnesota Timberwolves in the first quarter at Target Center on January 31, 2024 in Minneapolis, Minnesota. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by) Dallas Mavericks head coach Jason Kidd has become part of the ownership group at English Premier League club Everton FC, increasing the American influence on the club at the ownership level. The Naismith Memorial Basketball Hall of Fame point guard has joined Roundhouse Capital Holdings, which owns the club as part of The Friedkin Group. Led by chairman and CEO Dan Friedkin, the Friedkin Group completed its takeover of Everton in December 2024, buying out Farhad Moshiri's majority and eventually taking a 99.5% stake in the club via Roundhouse Capital Holdings. It marks a new era of ownership for the storied English club, which is one of only six teams to have been ever-present in the country's top division (from which teams can be relegated to the second-tier EFL Championship) in the Premier League era. 'I'm honoured to be joining Everton's ownership at such an important moment,' said Kidd. 'With a new stadium on the horizon and a bright future ahead, it's a great moment to come on board.' Professional Basketball Player Jason Kidd plays in the Showdown in Chinatown celebrity soccer match ... More at the Nike Field in Sara D. Roosevelt Park on June 25, 2008 in New York City. (Photo by Michael Loccisano/FilmMagic) As Kidd alludes to, the club is moving into a brand new waterfront stadium for the 2025/26 season. The facility on the banks of the River Mersey is one of the few positives to emerge from the previous ownership's stewardship of the club prior to the Friedkin takeover, though the club and the fans will miss its historic current stadium, Goodison Park. As the club looks to return to a more stable financial footing, the new stadium should offer some additional income and help move the club into a new era. The new investment is part of that, and Kidd's involvement will also help raise the club's profile in the United States. 'On behalf of The Friedkin Group and the Everton Board of Directors, I am pleased to welcome Jason to our ownership group,' said Roundhouse Capital Holdings director and Everton executive chairman, Marc Watts. 'As one of the NBA's greatest players and now a successful coach, his knowledge and winning mentality will be an incredible resource for Everton. 'He is a respected leader and household name for many sports fans and will bring a deeper understanding of high performance as we collectively strive to build a brighter future for this storied club.' LIVERPOOL, ENGLAND - MARCH 25: Aerial view of Everton FC's new stadium with the city of Liverpool in ... More the distance at Bramley Moore Dock on March 25, 2025 in Liverpool, England. Bramley-Moore Dock Stadium in Vauxhall, Liverpool, will become the home ground for Everton FC ahead of the 2025–26 season, replacing Goodison Park. (Photo by) The move comes on the back of the news last week that American billionaire Christopher Sarofim has also invested in Roundhouse Capital Holdings. The ownership group hopes Sarofim's involvement will help further stabilize the club's financial footing. 'Christopher Sarofim is someone I have known and respected for many years,' said Friedkin. 'He brings experience, sound judgment, and wisdom that will be valuable as we continue to drive the club forward in all areas.' The use of Roundhouse Capital Holdings as the club's ownership and investment vehicle will allow for the involvement of figures like Sarofim and Kidd at various levels of investment. The club will now look to build from a firmer financial footing, helped by the new stadium, before taking the next, difficult, step of converting this into sporting success. The Premier League is increasingly competitive in mid-table as well as at the top. Several clubs have combined the financial experience of their owners, which has become increasingly necessary at this level of football, with savvy sporting decisions and the use of data and analytics. Everton is looking to break into this group but is at a disadvantage due to a period of financial and sporting uncertainty under its previous ownership, which led to points deductions during the 2022/23 season. During this time, the club managed to avoid relegation from the Premier League, often against the odds, and has enjoyed a promising period towards the end of the 2024/25 season under returning manager David Moyes, who previously managed the club between 2002 and 2013. It is now playing its final games at Goodison Park amid a wave of emotion, which includes sadness that the club is leaving its historic, storied home, but also optimism about the future. The recent news of further investment will not be of interest to fans unless it converts into a more positive outlook on the field, and at least a promise of some sporting success further down the line. Kidd's involvement will add some sporting experience on top of his financial investment.
France 24
24-04-2025
- Business
- France 24
Dallas coach Kidd joins Everton ownership group
Kidd has joined Roundhouse Capital Holdings, part of the Friedkin Group which took control of the Merseyside club in December. "I'm honoured to be joining Everton's ownership at such an important moment: with a new stadium on the horizon and a bright future ahead, it's a great moment to come on board," said Kidd in a statement released by Everton. Kidd is a 10-time NBA All Star who won the NBA championship with the Mavs in 2011 and was also a two-time Olympic gold medallist with the USA national team. After coaching at the Brooklyn Nets and Milwaukee Bucks he took over at Dallas in 2021. "As one of the NBA's greatest players and now a successful coach, his knowledge and winning mentality will be an incredible resource for Everton," said Everton Executive Chairman Marc Watts. "He is a respected leader and household name for many sports fans and will bring a deeper understanding of high performance as we collectively strive to build a brighter future for this storied club," he added.
CNA
24-04-2025
- Business
- CNA
NBA great Kidd joins Everton's ownership group
NBA Hall of Famer and Dallas Mavericks head coach Jason Kidd has become a new addition to Everton's ownership group, the Premier League club said on Thursday. Kidd has joined Roundhouse Capital Holdings, which is part of The Friedkin Group that took over the Merseyside club in December. Kidd spent nearly two decades as a player in the NBA, winning the title in 2011 with the Mavericks, while he was also a 10-times All Star and a twice Olympic champion. "I'm honoured to be joining Everton's ownership at such an important moment: with a new stadium on the horizon and a bright future ahead, it's a great moment to come on board," Kidd said in a statement. Earlier this season, Everton agreed a long-term financing deal for their new 52,888-capacity stadium, securing a 350 million pounds ($465.96 million) funding deal to refinance borrowing already in place on the venue. The club are 13th in the standings after David Moyes returned as manager in January and turned their season around. They are due to move into their new stadium at Bramley-Moore Dock for the 2025-26 season. On Wednesday, Everton announced Christopher Sarofim, the chairman of global investment manager Fayez Sarofim & Co, had joined Roundhouse Capital Holdings. He will be a board observer at the club. ($1 = 0.7511 pounds)
Reuters
24-04-2025
- Business
- Reuters
NBA great Kidd joins Everton's ownership group
April 24 (Reuters) - NBA Hall of Famer and Dallas Mavericks head coach Jason Kidd has become a new addition to Everton's ownership group, the Premier League club said on Thursday. Kidd has joined Roundhouse Capital Holdings, which is part of The Friedkin Group that took over the Merseyside club in December. Kidd spent nearly two decades as a player in the NBA, winning the title in 2011 with the Mavericks, while he was also a 10-times All Star and a twice Olympic champion. "I'm honoured to be joining Everton's ownership at such an important moment: with a new stadium on the horizon and a bright future ahead, it's a great moment to come on board," Kidd said in a statement. Earlier this season, Everton agreed a long-term financing deal for their new 52,888-capacity stadium, securing a 350 million pounds ($465.96 million) funding deal to refinance borrowing already in place on the venue. The club are 13th in the standings after David Moyes returned as manager in January and turned their season around. They are due to move into their new stadium at Bramley-Moore Dock for the 2025-26 season. On Wednesday, Everton announced Christopher Sarofim, the chairman of global investment manager Fayez Sarofim & Co, had joined Roundhouse Capital Holdings. He will be a board observer at the club. ($1 = 0.7511 pounds)
New York Times
24-04-2025
- Business
- New York Times
Dallas Mavericks' Jason Kidd joins ownership group of Premier League club Everton
Dallas Mavericks head coach Jason Kidd has joined the ownership group of Premier League club Everton. The 52-year-old has joined Roundhouse Capital Holdings, an entity within The Friedkin Group (TFG), which completed its takeover of Everton in December. Everton executive chairman Marc Watts said in a news release that Kidd will be an 'incredible resource' for the club. Advertisement Kidd, an NBA great, was inducted into the Basketball Hall of Fame in 2018 and twice won gold medals with the U.S. men's Olympic basketball team as a player. He has coached the Mavericks since 2021, having previously coached the Brooklyn Nets and the Milwaukee Bucks. Kidd has previously expressed interest in Premier League ownership, having been part of a five-person consortium that made an offer to buy Crystal Palace in November. 'I'm honoured to be joining Everton's ownership at such an important moment: with a new stadium on the horizon and a bright future ahead, it's a great moment to come on board,' Kidd said. Watts added: 'As one of the NBA's greatest players and now a successful coach, his knowledge and winning mentality will be an incredible resource for Everton. He is a respected leader and household name for many sports fans and will bring a deeper understanding of high performance as we collectively strive to build a brighter future.' We are delighted to announce a further addition to the Club's ownership group. Jason Kidd, the Head Coach of the NBA's @dallasmavs, has joined Roundhouse Capital Holdings, part of The Friedkin Group. 🔵 — Everton (@Everton) April 24, 2025 TFG agreed to buy former majority shareholder Farhad Moshiri's 94 per cent stake in Everton in September and received regulatory approval in December, bringing an end to a long-running ownership saga at the club. After manager Sean Dyche was relieved of his duties in January and David Moyes was installed as his replacement, Everton's relegation fears have been eased and the club are 13th in the table, 17 points clear of the drop zone. Everton are due to move into their new 52,000-capacity stadium at Bramley-Moore Dock ahead of the 2025-26 campaign. Analysis by Everton reporter Patrick Boyland Advertisement Kidd's involvement with Roundhouse draws parallels with other English soccer clubs. This kind of structure, whereby U.S.-based owners bring on board prominent sporting stars as minority investors, is already in place at EFL sides Birmingham City with Tom Brady and Burnley with JJ Watt. Premier League side Bournemouth, controlled by Vegas Golden Knights owner Bill Foley, also has Michael B. Jordan as a minority owner. Kidd's financial contribution will be relatively small in Premier League terms and there will be no change to the overall ownership or day-to-day running of Everton. Unlike fellow Roundhouse newcomer Christopher Sarofim, whose family business Fayez Sarofim and Co manages around $30billion in assets, he will not be joining the Everton board as an observer. While Sarofim, as a high-net-worth individual, is likely to help the club access capital in future, as well as providing financial and commercial expertise, there is a sense that having a high-profile American sports figure like Kidd on board will be good for the Everton brand stateside — a priority for the Houston-based TFG early in its tenure. With the Sarofim family also possessing a minority stake in the Houston Texans of the NFL, Everton now have links to two major Texas sporting franchises. There will be potential opportunities for collaboration, particularly on the content side with the Mavericks. The move could also see the informal sharing of best sporting practices between Kidd and Everton. These feel like positive steps for the club. In bringing Kidd and Sarofim on board, the sense right now is that Everton finally have owners ready to take advantage of their untapped potential.
