Everton takeover by SPAC would see club listed on stock exchange
Everton would reportedly be listed on the stock exchange if they are taken over by a special purpose acquisition company (SPAC).
According to the Liverpool Echo, the club would be listed publicly at a pre-determined price with shares available to purchase in the business.
It’s understood that a SPAC which is fronted by the nephew of hedge fund heavyweight George Soros had held preliminary talks over a takeover move.
Could be beneficial
This is certainly not the last time we’ll be hearing about SPACs as the takeover talk is here to stay.
There are pros and cons to having clubs being listed on the stock exchange as there are with many other things in football.
It’s good in a way for the sponsors as they will be able to acquire relatively cheap stock, while investor risk is also reasonably low as the capital invested is returned if a target is not found.
Investors are also able to claim back the original capital if they do not like a deal.
All talks of the takeover certainly include the new stadium and it’s important that whoever does end up buying the club, ensures that the Bramley Moore Dock project goes ahead without any obstacles as it’s an important one to take the club to the next level and attract a higher-calibre of player as well.