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Post by rugbytoffee on Jan 24, 2023 20:59:53 GMT
Everton have been put up for sale by Farhad Moshiri, who is looking for offers of more than £500m for the Premier League club. In recent months Moshiri has sought outside investment but he has finally put Everton on the market, and would consider a minority or majority sale. A number of potential buyers have expressed interest. Moshiri would like to recoup the money he has invested in the new stadium being built at Bramley-Moore Dock. It is understood that Deloitte has been instructed to handle the sale of the club, who are in the Premier League relegation zone. Deloitte offered no comment when approached by the Guardian. The British-Iranian billionaire’s attempt to sell can be revealed on a day when Everton were dealt a double setback with Marcelo Bielsa expressing doubts over replacing Frank Lampard as manager and Tottenham hijacking their move for Arnaut Danjuma. Moshiri and his fellow board members have been fiercely criticised by Everton fans over recent weeks, with widespread calls for the owner to sell after almost seven years and for the directors to go. About £700m has been spent on more than 50 players in the Moshiri era, with just over £400m recouped in sales. The attempted sale comes at a perilous moment for Everton with the stadium under construction at a cost of at least £550m, the club’s last three available set of accounts showing combined losses of £372.6m and lucrative commercial ties cut with companies owned by the oligarch Alisher Usmanov after Russia’s invasion of Ukraine. Moshiri has funded the construction costs of the stadium so far but has been seeking the additional investment required to complete the project. www.theguardian.com/f |
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Post by rugbytoffee on Jan 25, 2023 15:21:48 GMT
Farhad Moshiri has insisted that Everton are “not for sale” but he has confirmed that a deal is “close” as he looks to bring in “top investors”. It was reported on Tuesday that the club were being put ‘up for sale’ with Moshiri setting his asking price at £500m. Moshiri, who has vowed to do “whatever it takes to get the fans on board”, says he remains committed to the Merseyside club but does want to bring in extra finance for the new ground that is being built at Bramley-Moore Dock. “The club is not for sale, but I’ve been talking to top investors of real quality to bridge a gap on the stadium,” Moshiri said in a video interview with the Everton Fan Advisory Board, posted on the club’s website. “I can do it myself. The reason I want to do it is to bring top sport investors into Everton. We are close to having a deal done. “It is not selling the club at all, it is just bringing more expertise in terms of global sponsorship, commercial development. “A lot of specialist sport investors have this pool of knowledge and it is to secure that for Everton.” “This is the most critical time in our history. It is almost an existential point,” he said. “I have faith in this board. In the past I have removed directors and appointed directors. I’m not shy to make changes. We makes changes when there is a need. “We will be ruthless. We need to be calm and we need to go beyond our current position on the pitch. “I feel the pain. I hear what the fans say. They have points. We will be addressing them. I don’t miss anything. I have a list of all the points. “I am committed to this club, not just to this stadium but to join the elite. But I need your help. “The fans are the most important part of the Everton institution. We need to go through this together – only we can go through this together. “Everton has been dependent on Goodison and the 12th man. I know that we are much the weaker without the full-hearted support of the fans and I will do whatever it takes to get the fans on board. I’m on it 24 hours a day.” www.football365.com/ |
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Post by Avinalaff on Jan 25, 2023 17:05:37 GMT
How, if the cost of the stadium is £760m can we sell for £500m?
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Post by Everton News. on Jan 26, 2023 11:27:29 GMT
NEW YORK – US investment firm MSP Sports Capital is considering a potential investment in English Premier League side Everton, people with knowledge of the matter said.
MSP has held preliminary discussions about buying a stake in the Merseyside club, which is controlled by businessman Farhad Moshiri, according to the people.
They asked not to be identified because the information is private.
Everton, who are building a new stadium in Liverpool, are in danger of dropping out of the lucrative Premier League.
The team are in 19th in the standings, had just sacked Frank Lampard and are seeking a new manager to rescue them from relegation.
A transaction would add to a string of global deals by MSP, which agreed in October to buy ESPN’s majority holding in the X Games extreme sports competition.
It also has stakes in McLaren Racing and several European football clubs, including G.D. Estoril Praia in Portugal and Spain’s AD Alcorcon.
MSP was founded by former sports agent Jeff Moorad and businessman Jahm Najafi.
The latter is a minority investor in the Phoenix Suns National Basketball Association team.
Deliberations are at an early stage, and there is no certainty they will lead to a deal, the sources said.
The club could also attract interest from other investors but Representatives for MSP, Everton and Moshiri declined to comment.
Moshiri has invested heavily in the team since buying control in 2016.
But his efforts have not been rewarded on the pitch.
The Toffees have not won a major trophy since winning the FA Cup in 1995.
He recently said in an interview with the chair of the team’s fan advisory board that he has been talking to quality investors who can “bridge a gap on the stadium” and help bring in more talent.
A lot of specialist sport investors have a “pool of knowledge” that can be secured for Everton, Moshiri said in a video of his remarks posted on the team’s website this week.
“We are close to having a deal done,” he said.
“It’s not selling the club at all.
“It’s just bringing more expertise in terms of global sponsorship, in terms of commercial development.”
Source: Bloomberg
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Post by evertonfan1968 on Jan 26, 2023 13:44:16 GMT
Perhaps we just need to trust Moshiri then.
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