Everton are set for another takeover just two years on from The Friedkin Group finally bringing an end to Farhad Moshiri's reign, but the chances of one potential buyer taking charge have already been shot down in flames.

The current Toffees owners, headed by American Dan Friedkin and also in charge of Serie A side Roma, took over on Merseyside in December 2024 after reaching an agreement with Moshiri in September of the same year.

That brought an end to a chaotic saga which saw one takeover bid after another collapse, including one from TFG themselves months earlier, as fans were put through the wringer amidst relegation battles and major financial issues.

While the Friedkins were briefly saviours for ensuring the survival of the club and the completion of what has become Hill Dickinson Stadium the relationship between the owners and the fanbase has soured in recent months.

A summer transfer window which left much to be desired was followed by the sudden announcement on October 9 that the Friedkins were "exploring new investment options", which included "the potential sale of a controlling interest", so attention turns once again to who is next in line.

The Friedkin Group look to sell after Everton relationship sours

The writing may have been on the wall at Everton when a less-than-impressed David Moyes revealed in September that he had never met or spoken to chairman and owner Friedkin since returning to the club in January 2025.

The Scot was reappointed when TFG sacked Sean Dyche just weeks after taking over, in what looked like an astute move to capitalise on the new-found optimism around the club.

Moyes' era of success through the 2000s and 2010s seemed like a lifetime ago for fans who had endured the hiring and firing of managers under Moshiri and the late Bill Kenwright, along with millions wasted on underperforming signings.

When the situation deteriorated into a perfect storm of narrow relegation escapes, points deductions, and a potential takeover by the controversial Miami-based firm 777 Partners the outlook was desperate.

The Friedkins finally ended that nightmare and, psychologically at least, turned the clock back to the good times of old under Moyes, and certainly things have improved.

But the summer transfer window bore some of the same hallmarks of the previous era, with a £40 million bid accepted to sell off young star Harrison Armstrong to Nottingham Forest before a u-turn in the face of fan unrest, and a thin squad left after Beto and Iliman Ndiaye left on deadline day and were not adequately replaced.

So now TFG are ready to move on and interested parties are said to be coming forward, but one has scoffed at the idea of making a bid.

Michael Dell dismisses Everton interest

According to multiple reports, multi-billionaire Michael Dell has been linked to an Everton takeover, having also been tipped as an interested party during the last race won by TFG.

The 61-year-old is the chairman and CEO of Dell Technologies, and Forbes currently lists the American as the fourth-richest man in the world with a fortune worth $253.2 billion (£189.9bn). Dan Friedkin is listed at 248th with $12.7bn (£9.5bn).

However, Dell himself has already responded to dismiss the suggestion as laughable. He commented on a post on X regarding his apparent interest to say: "Who comes up with these stories?" He accompanied the question with a crying laughter emoji.

@EFCdaily_ @LewisSteele_ Who comes up with these stories? 😂

— Michael Dell 🇺🇸 (@MichaelDell) October 28, 2026

It is hard to imagine Everton's ownership travails becoming anything like the cycle of hope followed by despair that fans were forced to endure when Moshiri was trying to get out of the club.

But Dell and his billions appear to have been comprehensively ruled out of the running and how long the process ultimately takes remains to be seen.