Everton to welcome two new board members at Goodison Park after £597m claim
Everton are set to welcome two new board members to the club, according to the Liverpool Echo.
The boardroom shake-up comes amid the claim that the Toffees are worth $744m (£597m), as noted by Forbes in its football team valuation report for 2023.
However, of the 30 clubs featured in the list, Everton have seen the “biggest decline” in valuation year on year, which according to the Liverpool Echo is 21%.
Discussing a deal between New York-based firm MSP Sports Capital and the Merseyside outfit, the Liverpool Echo noted: “The deal is believed to be worth around £100m initially but with the potential for further funds in exchange for more equity, will likely to see the American firm take a 25 per cent stake in the club through a preferential share structure, as well as providing a boardroom shake-up with two new faces of their own.
“How much Everton are actually worth has been up for discussion, but a £100million deal for 25 per cent would suggest a £400million valuation on the football club.
“But Forbes’ valuation puts the Blues 25th out of 30 with a value of $744million (£597million). That would be a multiple of revenue of around three. Of the 30 clubs featured in the 2023 Forbes list, Everton have seen the biggest decline in valuation year on year, down 21 per cent on its 2022 figure.”
Good news and bad news
This latest report represents both good news and bad news for Everton, in what has been a turbulent few years for this famous club.
The good news is that the Toffees are set to welcome not one but two new faces to their boardroom, with that much-needed shake-up having been a long-time coming, with the current group desperate to see some new blood in there to try and help put things right.
Everton owner Farhad Moshiri hasn’t got a lot right during his time on Merseyside, but at least it seems that he has been working hard for some months now to secure funding for the new stadium at Bramley-Moore Dock.
But the bad news is that the Toffees are in decline in financial terms, and they have been for some time, with the Forbes figure the latest in a long line of worrying bits of news surrounding the club.