Everton have added Christopher Sarofim to the club’s ownership group.
Sarofim, chairman of the global investment manager Fayez Sarofim & Co, will take up a new role with The Friedkin Group’s subsidiary Roundhouse Capital Holdings.
His arrival as a ‘board observer’ brings 40 years’ worth of expertise in investment, fund management and philanthropy which will strengthen the Blues’ financial base.
Sarofim’s family are also a minority owner of NFL franchise Houston Texans while the new addition has known TFG figurehead Dan Friedkin for many years.
He 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, The Friedkin Group and everyone at Everton to help the club fulfil its huge potential on and off the pitch.”