Stock market is volatile as potential Everton takeover takes new twist
Everton could be set for a volatile change if they were listed on the stock market after a potential new takeover, according to the Liverpool ECHO.
The newspaper has reported this week that any takeover push from a special purpose acquisition company (SPAC), fronted by Jeffrey Soros, would see the club publically listed.
It is shared that could prove to be problematic though, with the likes of Spurs delisting themselves from the stock market in years gone by.
Writing in their latest piece alongside an interview with Kieran Maguire, who admitted he would be surprised to see it happen, the ECHO shared how it could affect things.
“A move to take the club on to the stock market may prove a little more problematic,” they wrote.
“The stock market, while presenting some options in terms of helping owners recapitalise through new share issues, can be volatile and football teams have seldom soared when going public.”
Volatile.
Right now, a full takeover doesn’t appear likely.
Farhad Moshiri has never shied away from takeover talks, but it has always been made clear that he is looking for investment more than a complete buyout at Goodison Park.
With talks ongoing over investment for the new stadium at Bramley-Moore Dock, it is more likely that he will still be around for when that move is finalised and actually happens.
That isn’t to say that a partial American takeover with the switch of some shares couldn’t happen, with numerous examples of that in the Premier League already – Leeds and the San Francisco 49ers for example.
With Maciek Kaminski also circling, as well as Soros, the interest is there to make it happen, there are just many different areas that need to be sorted before it is green-lighted.
The stock market is a volatile place that can change with each day, and the last thing Everton need right now is uncertainty, so there will always be some caution should this ever happen.