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Post by rugbytoffee on Jan 31, 2023 12:29:28 GMT
The sports investment firm that has been in talks with Everton over acquiring a potential stake have a very clear idea of how they approach their deals.
New York-based MSP Sports Capital have, as first reported by Bloomberg, been in early discussions with Farhad Moshiri over taking a potential stake in the club, a move that would aid the efforts to lift some of the financial burden for completing the £500m-plus stadium development at Bramley-Moore Dock from the Everton owner.
During the Blues' chastening 2-1 home reverse to Southampton earlier this month, there were interested spectators sitting in the stands at Goodison Park as MSP co-founder and chairman Jahm Najafi, co-founder and CEO Jeff Moorad, and vice-president Pete Taylor, were all in attendance.
Moshiri, Everton owner since 2016, last week denied reports that the club was for sale when speaking to the ECHO, and during a meeting with the Everton Fan Advisory Board (FAB) in the week leading up to the defeat at West Ham United, he stated that investment in the stadium was "close".
MSP's sporting investments are varied but they already have put down roots in football through their link up with Crystal Palace shareholder David Blitzer, co-founder of sports investment company Harris Blitzer Sports & Entertainment, and the creation of Bolt Football Holdings. The football investments that MSP currently have include German side FC Augsburg, G.D. Estoril Praia in Portugal, Spain’s AD Alcorcon and Belgian side SK Beveren. They also have a controlling stake in the extreme sports event X Games and a significant minority investment in the McLaren Formula One racing team, where Najafi, who is privately the second largest shareholder in the Phoenix Suns NBA team, serves as vice-chairman.
MSP co-founder Moorad, a former sports agent whose time representing clients in North American sport was part of the inspiration for the 1996 Hollywood movie 'Jerry Maguire' starring Tom Cruise, has given some clues to what kind of investor that they could be in Everton if any kind of deal was struck between themselves and Moshiri. Speaking in a guest editorial for US sports business website Sportico in March of last year, Moorad wrote: "At MSP Sports Capital, we only pursue investments with operational control or significant influence.
"Fundamentally, investors are attracted to the disproportionate annualised returns available in sports, with limited relative downside risk. In order to achieve favourable risk-adjusted returns, investing discipline remains critical in an industry where emotion can easily take hold of the uninitiated. We believe it’s critical to evaluate both macro dynamics (trajectory of the sport, league management, league competition, regulatory environment) and micro dynamics specific to the asset (management team, brand power and digital presence, fan/sponsor loyalty, local market dynamics and real estate opportunities).
"We’re thrilled to be building a global soccer platform with partners David Blitzer and Bolt Football Holdings. We’re also fortunate to have a law firm like Morgan Lewis (a firm where Moorad has a roles as partner and chairman of the firm's global sports practice) on retainer—there is a premium on having the right professionals in place to be able to strike when a deal is hot.
Liv Echo
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Post by rugbytoffee on Feb 15, 2023 13:20:59 GMT
MSP Sports Capital, are now looking to buy Tottenham Hotspur instead.
Amongst all the depressing and predictable failures of the last few weeks, culminating in that farcical deadline day disaster with not a single new player signed, there was at least the possibiltiy Everton might be getting a welcome cash injection soon.
That was because the US-based investment group were apparently talking to Farhad Moshiri about taking a stake in the Blues’.
With the club in a dire financial position after years of mis-spending and sailing close to the wind in terms of Premier League debt rules, this was potentially a really positive outcome.
Perhaps, it would give the new manager additional funds to strengthen his anemically weak squad, and ensure the new stadium at Bramley Moore Dock got finished – although whether that new ground really is still a priority now, given how bad things are on the pitch and the real possibility of relegation – is a good question.
The other big positive about their involvement was the strong likellihood they would want representation on the board, thus giving the Toffees’ some desperately needed sports-business acumen.
That would surely be a very good thing given the appalingly bad way this club has been run by the current incumbants over the last few years.
However, in typical Everton fashion all good things must fall apart, and it now seems as though MSP Sports are focusing their attention on a takeover bid for Premier League rivals Spurs instead.
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Post by halewoodblue on Feb 15, 2023 22:36:35 GMT
We are not getting sold till 2024, dunno why people keep asking for it. I, am bored of it
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Post by rugbytoffee on Feb 17, 2023 13:04:31 GMT
777 Partners LLC is weighing an investment in Everton FC, a person with knowledge of the matter said, as more American buyers circle England’s top football clubs.
Miami-based 777, led by managing parters Steven Pasko and Josh Wander, is interested in potentially acquiring a minority stake in Everton, the person said, asking not to be identified discussing confidential information.
Based in the northwest of England, Everton is one of just a handful of clubs that have never been relegated from the Premier League—Europe’s richest football league. But that record is under threat after a string of poor performances this season has left the club battling to preserve its top flight status.
Everton’s owner Farhad Moshiri has separately held preliminary discussions about selling a stake to MSP Sports Capital, another US investment firm, Bloomberg reported last month. Any new money injected into the club may be used to help Everton with the construction of a new state-of-the art stadium.
MSP is also reportedly interested in making a bid for Premier League team Tottenham Hotspur FC, which would reduce the chances of it investing in Everton and create an opening for 777.
Deliberations are ongoing and there’s no certainty that 777 will decide to proceed with an offer, according to the person. Representatives for 777 and Everton declined to comment.
As a so-called multiclub owner, 777 has been steadily building a stable of football investments that includes clubs from Belgium to Brazil. Late last year, it agreed to buy a majority stake in German Bundesliga team Hertha BSC.
Proponents of this model point to cost synergies and the potential to strike more lucrative sponsorship deals. Americans, in particular, are drawn by the growth potential and lower valuations in European football compared with sports franchises back home. Multiclub’s critics say it stifles competition and creates feeder teams with no real prospect of success.
©2023 Bloomberg L.P.
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Post by rugbytoffee on Feb 28, 2023 16:21:01 GMT
The business relationship between Crystal Palace co-owner David Blitzer and MSP Sports Capital would not block a partial takeover of Everton by the private equity firm, legal sources have told Football Insider. MSP remain in talks to buy a minority stake in Everton, whose owner Farhad Moshiri is seeking external investment in order to see the construction of their new stadium at Bramley-Moore Dock through to completion. The New York-headquartered company could purchase as much as 25 per cent in the club, as has been reported elsewhere. Chairman Jahm Najafi and CEO Jeff Moorad are two of the three partners in MSP, alongside COO Sharon Hwang. Najafi and Moorad are also on the board of Bolt Football Holdings, an investment vehicle of Palace co-owner David Blitzer. While Blitzer’s stake in Palace is through a separate company, Harris Blitzer Sports and Entertainment, the 53-year-old has stakes in six clubs through Bolt. Premier League ownership rules state that no investor can hold more than a 9.9 per cent stake in two English clubs – but also that potential investors are disqualified if they are deemed to have material influence over two or more clubs. But sources familiar with the inner machinations of the Premier League’s arbitration system have told this site that Blitzer’s boardroom connections to Najafi and Moorad are unlikely to meet the conflict-of-interest threshold. There is perhaps a precedent in that Newcastle United’s Saudi backers are significant investors in Chelsea’s majority owner group Clearlake Capital but are not deemed to have material influence on operations at Stamford Bridge. However, there are still major barriers to MSP’s possible involvement in Everton, most notably their interest in a full takeover of Tottenham. www.footballinsider247.com/
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