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Post by rugbytoffee on Jun 23, 2023 11:09:17 GMT
Everton are set to receive £130million in investment from US group MSP Sports Capital, Football Insider can reveal.
The Toffees have been searching for minority investment this season and struck an exclusivity deal with MSP in May.
Another American investment group, 777 Holdings, also presented a bid to Everton, but the Merseyside club opted to partner with MSP.
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Post by rugbytoffee on Jun 28, 2023 11:19:02 GMT
Last week saw a series of seismic boardroom changes at Everton.
While the previous week had seen chief executive Denise Barrett-Baxendale, finance director Grant Ingles and non-executive director Graeme Sharp all leave their positions on the board, their departures were followed by new arrivals the following week.
Club owner Farhad Moshiri took a seat on the board, joined by Colin Chong, the current chief stadium development officer who has taken on the role of interim CEO and director. Also arriving at board level is John Spellman, described by the club as an “experienced chartered accountant, businessman and Evertonian.”
There was one omission from the list of departures that irked many Blues fans, with chairman Bill Kenwright remaining in situ, with the club’s official statement confirming his continued presence on the board citing the desire of Moshiri to keep Kenwright in post for a period of ‘transition’. Kenwright’s future was set to be decided within 48 hours of the announcement regarding the departures of Barrett-Baxendale, Ingles and Sharp, but it would take more than a week before any clarity on his future would be made public. The needlessly arbitrary deadline did little to foster better relations between fans and board after what has been a prolonged period of tumult.
All of the changes arrived amid the backdrop of impending investment into the football club from New York-based firm MSP Sports Capital. The company, led by co-founders Jahm Najafi and Jeffrey Moorad, have been in a period of exclusivity and a deal will be announced in due course after filings made with the US Securities and Exchange Commission revealed that, dated June 20, a new company, MSP EFC Investors LC, had raised $165.5m (£130.2m) from a pool of 13 investors and submitted a ‘Form D’.
The SEC ‘Form D’ filing was a considerable development in the ongoing investment saga and pointed to the announcement of a deal being imminent. A Form D must be filed within 15 days of the sale of securities with the date of first sale being the date on which the investor is ‘irrevocably contractually committed to invest’.
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Post by Avinalaff on Jul 2, 2023 9:23:04 GMT
I'm still on holiday, so any more updates on potential investment or ownership?
Abramovich has his yacht moored a few hundred yards away from my hotel. Maybe I should tell him to ask Usmanov to give me a call ha ha.
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Post by jimmy on Jul 2, 2023 10:25:00 GMT
I'm still on holiday, so any more updates on potential investment or ownership? Abramovich has his yacht moored a few hundred yards away from my hotel. Maybe I should tell him to ask Usmanov to give me a call ha ha. There isn't much coming out of the club so you've missed nothing.
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Post by rugbytoffee on Jul 5, 2023 8:56:31 GMT
Everton FC has announced a new agreement with trading and investing platform eToro, which sees it become the club’s official trading partner.
The deal is part of a commitment from eToro to increase its support of the men’s and women’s games, with the platform’s branding to be visible at Goodison Park, Walton Hall Park and across Everton’s digital channels.
The business will also team up with the club to create activations, competitions and experiences designed to engage and reward Evertonians.
With more than 30 million users, eToro’s online platform aims to revolutionise the way people invest, enhancing investors’ financial education, and also allowing users to choose what they invest in, but how, be that trading, following the approach of another investor, or investing in a Smart Portfolio. Richard Kenyon, Everton’s chief commercial and communications officer, said: “It’s our great pleasure to welcome eToro back to Everton as an official partner and to see their partnership extending to include Everton Women for the first time.
“We look forward to working with eToro and helping them to achieve their commercial aims. I would like to thank our partnership team for their work in securing this deal – one of several we are announcing over the course of the summer.”
Stephanie Wilks-Wiffen, director of marketing at eToro, said: “With the explosion of women’s football, and the growing number of female retail investors, it makes complete sense for eToro to extend its presence into the WSL, where we can support the continued growth of this sporting community.”
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