{{primary_category}}
{{/primary_category}} 
Everton to pay interest on new Farhad Moshiri agreement after 'awful' loss of cash - Finance Expert
Everton will have to pay interest on any potential investment from MSP Sports Capital, according to football finance expert, Kieran Maguire.
BBC Sport revealed on 22 May that Farhad Moshiri had reached an exclusivity agreement with the US-based investment firm.
Maguire has since revealed that MSP are going to put money into convertible debt or shares should they complete a takeover.
“From what I understand, talking to sources, they’re going to put this money into convertible debt or convertible shares,” said Maguire (Price of Football Podcast, quoted by Liverpool World, 25 May).
“Initially, MSP Sports Capital will have no voting power in terms of shareholders are concerned and however they’re going to get the money across, interest is going to have to be paid by Everton on that.
“It’s going to be used to fund the stadium but also, as part of the deal, we can anticipate some major changes at level as far as Everton Football Club are concerned – with MSP looking to have two people on the board of directors and are effectively looking for a fresh broom.
Subscribe to Football Insider TV now
“Everton have lost an awful lot of money in recent years and in due course, those loans or preference shares will convert into ordinary shares – traditional voting shares which will give MSP around 20-25% of Everton.”
Huge
Sunday’s clash against Bournemouth is absolutely huge for the future of Everton football club. With this new investment on the cards, they could become a stable Premier League club once again.
Moshiri seems desperate to give up some of the power he currently holds at Goodison Park. And the time will be right if Sean Dyche’s side beat the Cherries on Sunday.
The pressure is firmly on Everton now. They know their fate is in their own hands and that could somewhat work against them. Leeds and Leicester know it’s out of their control. It’s going to be an extremely nervy Goodison on Sunday and an early goal could be absolutely vital.
It will settle the nerves and would be a hammer blow to Leicester and Leeds. Everton have to believe that their two relegation rivals will get the job done on the final day. The Yorkshire side face Tottenham at Elland Road whilst the Foxes host a rejuvenated West Ham United.