Everton Football Club has announced that Christopher Sarofim has joined the ownership group of Roundhouse Capital Holdings Limited as a board observer. The move is aimed at strengthening the club’s financial base and building for the future.
According to a statement released by the club, Sarofim brings almost 40 years of experience in investment, fund management, and philanthropy to the role. He serves as chairman of the global investment manager Fayez Sarofim & Co and will join the board of Roundhouse as a board observer, meaning he won’t have any voting rights.
The Liverpool Echo reports that the appointment is part of the club’s efforts to get to a point where they can sustainably invest in an impactful way to achieve competitive success while growing the revenue streams of the business.
In a statement, TFG chairman and CEO, Dan Friedkin said: “Christopher Sarofim is someone I have known and respected for many years. He brings experience, sound judgment and wisdom that will be valuable as we continue to drive the Club forward in all areas.”
Sarofim has a wealth of experience in the investment industry, having joined Fayez Sarofim & Co in 1988. He is a member of the firm’s Executive and Investment Committees and a co-manager of the mutual funds that Fayez Sarofim & Co sub-advises for BNY Mellon.
The Liverpool Echo understands that Sarofim’s appointment is a significant coup for the club, with the Sarofim family having a strong track record in business and sport. The family has a minority stake in the Houston Texans NFL team and has built a company that manages over $30bn in assets.
Sarofim said: “I’m delighted to have the opportunity to join the ownership group of Everton – an historic sporting institution with a very exciting future. I have known and admired the Friedkin family for many years and I look forward to working with Marc Watts (Everton executive chairman), The Friedkin Group and everyone at Everton to help the club fulfil its huge potential on and off the pitch.”
The appointment of Sarofim is the latest move by the Friedkin Group to strengthen the club’s leadership and drive the club forward. The group has been working to develop the club’s stadium and improve its financial stability.
According to the Liverpool Echo, Sarofim’s experience and expertise will be invaluable to the club as it looks to build for the future. The club is seeking to achieve competitive success while growing its revenue streams and investing in its infrastructure.
The move is also seen as a significant development in the club’s history, with Sarofim’s appointment expected to have a positive impact on the club’s fortunes. The Liverpool Echo will continue to provide updates on the club’s progress and developments.
In related news, Kevin Thelwell is set for an immediate return to football after his exit from Everton was confirmed. The former Everton executive is expected to take up a new role in the sport.
Further details on the club’s plans for the future, including the development of its new stadium, are expected to be announced in the coming weeks. The Friedkin Group has hinted at significant investment in the club’s infrastructure, including a £60m claim.
As reported by the Liverpool Echo, the club’s ownership group has been working to drive the club forward, with a focus on achieving competitive success and growing its revenue streams. The appointment of Sarofim is a significant step in this process.
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