Dan Plumley: Everton takeover talks can become minefield with numerous implications in play
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Everton...
Dan Plumley has insisted that takeovers can be a “minefield” for clubs and investors as speculation continues to swirl regarding Everton and its future.
Maciek Kaminski was linked once again with a takeover, but Bloomberg has since reported that preliminary talks have begun with SPAC, led by Jeffrey Soros.
Finance Expert, Plumley, admitted that so much will determine a potential price of a takeover, including structure, due diligence, the new stadium and if it would be a majority stake or full buyout from Farhad Moshiri.
“It’s never as simple as price,” he exclusively told Goodison News.
“All those things will go into it to determine a price, you’ve got the structure of the deal, legal implications, doing full due diligence of the finances which we know have been a hot topic at Everton, board composition, who do you want to bring in and who stays on the board? Whether that determines a majority stake or not, what’s the percentage stake?
“The new stadium in Everton’s case and the Premier League status, so takeovers become a bit of a minefield when you take in all of that, so all of those things have an implication on the price. The biggest challenge is the negotiation between the buyer and the seller, so, you do end up back at the price but there is a lot that will drive that price and a lot of moving parts within it at Everton.
“That’s why these things take a little bit more time and it’s the right thing to do so all those things will factor in.”
Minefield.
There are so many things in play here.
Moshiri has pumped a lot of his own cash into the club over the years with the debt and the new stadium taking centre-stage throughout his era.
With Kaminski also in play, the Times has reported that a minority stake could be offered as the £550million stadium project continues on Liverpool Waterfront.
All eyes are on Everton, but one thing for certain is that nothing is close with so much to iron out before any takeover becomes concrete.