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Farhad Moshiri likely to take hit on personal wealth after Everton takeover news - Finance Expert
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...
Farhad Moshiri is likely to take a hit on his personal wealth with an Everton takeover close to completion, according to Dr Dan Plumley.
The finance expert admitted that more often than not, football club owners write off some of their own personal money to get a deal over the line.
It comes after the Daily Mail reported today [18 May], that 777 Partners are closing in on a £600million takeover that could be completed as early as next week.
“At the exit point of an owner, when they are exiting out of a club, there will always be conversations from what they would want back in terms of the investment they have put in and how much of that they can recoup,” he exclusively told Goodison News.
“We saw a similar situation with Newcastle and Mike Ashley, the valuation at the start was linked to about £100million that he wanted the club to give him back effectively, but is a new owner prepared to take that on? That’s where your negotiations come in.
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“I think a lot of the time, we don’t know the ins and outs of how this one will play out but over the course of history for takeovers, what we tend to find is the outgoing owner more often than not loses a little bit of their own money that they’ve invested, they don’t get all of that back.
“Sometimes they do, or sometimes they make money, but more often than not, outgoing owners often write off a little bit of their own personal money that they’re not getting back.
“Again, that’s the nature of football club ownership and one of the biggest risks if you’re an owner or investor, sometimes you know you’re going in losing money and you’re not getting that back unless you change the model and go the other way.
“We don’t know the ins and outs of it, but I think it’s probably likely given the money he’s put in, you’re probably looking at him taking a hit on some of that personal wealth he has invested over the course of the years.”
With MSP Sports Capital still said to be in the running, it is far from a done deal for Everton at Goodison Park.
This is certainly one to keep an eye on with the next two weeks of the Premier League said to have a huge say on the future of this great football club.