Farhad Moshiri 'exit route' emerges as MSP seek debt-financing Everton deal
MSP Sports Capital are seeking to charge interest on a debt financing deal which could offer Farhad Moshiri an “exit route” from Everton in future years, according to the Liverpool Echo.
On Monday (23 May), it was shared that New York-based MSP had entered into a period of exclusivity with Moshiri so that they could conduct further due diligence into the deal for the Merseyside club. [Daily Mail, 22 May]
The 20 to 25% stake they are set to take at Everton would see MSP purchase preferential shares instead of taking equity in the club itself.
However, there is an opportunity to turn those preferential shares into equity in future years, ensuring that Moshiri has an “exit route” away from Merseyside further down the line.
The Iranian-born businessman currently wants to find investment for the stadium build at Bramley-Moore Dock while also bringing in future expertise to aid the future of the club as a business.
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Hopes and wishes from the Everton fanbase that Moshiri would finally be on his way out of Everton at the end of the season have died at a whimper.
Week after week, supporters have lined the streets outside Goodison Park to protest for the board to step down from their roles, and a deal with MSP or 777 Partners looked like the perfect opportunity to part ways with the club.
However, the 20 to 25% tipped share in the club that Moshiri is offering up is a way for the 68-year-old can receive the investment in the Bramley-Moore Dock stadium he has been craving but still keep his finger on the control button at Goodison Park.
Luckily the debt-financing deal that MSP are lining up does offer Moshiri the chance to get out of the club further down the line, but how long will this actually take?
Although the Everton owner is still at the club, there are some positives to take out of the deal, with the Bramley-Moore Dock stadium likely to accelerate in progress and the club hopefully being able to pursue some more ambitious transfer plans this summer.