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MSP Sports Capital sign exclusivity agreement with Farhad Moshiri as Everton takeover draws closer
MSP Sports Capital and Everton owner Farhad Moshiri have signed an exclusivity agreement as they edge closer to a takeover deal.
Moshiri needs investment to help fund the new stadium and it was reported by the Daily Mail that the American Investment company had moved ahead of 777 Partners in the race to take a stake of the club.
Now a tweet from Sky Sports journalist Alan Myers (22 May) says documents have been signed for the two parties to enter an exclusivity period, although a full deal is still some way off being done despite talks “progressing well”.
“American investment company MSP Sports Capital have signed an exclusivity agreement with Everton owner Farhad Moshiri as the club head into a crucial weekend which sees a three-way battle to stay in the Premier League,” he wrote on his personal Twitter account.
“The New York based company has been in discussions with Moshiri for months and is now in pole position to provide investment into the club. SSN has been told the deal is “progressing well” however there is still work to be done before it’s officially announced.
“The Everton owner is adamant the main focus this week should be on Sean Dyche and his team preserving the club’s Premier League status when they play Bournemouth on Sunday, with two out of three clubs, including Leeds and Leicester, still with a possibility of being relegated.
“The new investment would be welcomed by Everton fans who have called for changes at the top of the club for some time now.”
Huge
Obviously this is absolutely huge news and probably couldn’t have come at a better time considering the situation the club are in.
Everton are right on the verge of relegation but depending how the Leicester fixture against Newcastle goes on Monday night (22 May), their future is still in their hands.
The final game of the season is at Goodison Park against a Bournemouth side who are already safe and having nothing to play for but pride, and with the fans likely to be in great spirits after the 100th minute equaliser last week and now this news it can only be a good thing.
Moshiri needs to go and the whole world knows it after the absolute mess this season, and this is the first and arguably biggest steps towards getting him out of Everton.
A partial deal is better than nothing, and the financial implications can only help going into the new season regardless of what division we’re in.