• Fund manager joining club’s ownership group
• Idea is to give access to broader sources of funding

Everton have announced a new investor, with the American billionaire Christopher Sarofim joining their ownership group. The 62-year-old fund manager is also a minority shareholder of the Houston Texans NFL franchise.

Sarofim has joined Everton’s ownership group, Roundhouse Capital, and will be given an observer position on the football club’s board. Everton will remain under the day-to-day control of The Friedkin Group (TFG), whobought the clubfrom Farhad Moshiri last December.