Bramley-Moore Dock curveball emerges in Everton takeover - 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...
Dan Plumley has insisted that the Bramley-Moore Dock stadium build is a curveball in any potential takeover at Everton in the coming months.
It comes after the Daily Mail reported that 777 Partners were on the verge of a £600million takeover, although Farhad Moshiri is said to be waiting till the end of the season.
The finance expert admitted that the new stadium will have “huge” asset value, but it will be a sticking point in any negotiations, with a prediction made that the club is only valued at around £300million.
“It’s not an exact science with the valuation methods,” he exclusively told Goodison News.
“You’re only looking at the benchmark in the market as much as anything so you would have compared them to the values of Leeds and Newcastle so around £300million feels right for the industry, but that isn’t to say it could be more.
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“I really do think the stadium is a really big sticking point in the takeover because it’s a brand new stadium, it has huge asset value, it has huge revenue generating capabilities but it has come at a significant cost, so that is then going to be front and centre of the negotiations and how that affects the valuation.
“In many ways, that makes Everton different to the Leeds and Newcastle valuations, because you have this really big new asset that is throwing a curveball in there at the minute.”
On paper, based on these valuations, it appears as though this is a huge price.
Of course, with Bramley-Moore Dock and the things that could come from that, you never know how that is going to affect what interested parties are going to pay.
All eyes are on Everton and this takeover.