MSP Sports Capital may hit brick wall if they speed up Everton investment – Finance Guru
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 MSP Sports Capital may hit a brick wall if they look to speed up their investment in Everton after takeover news emerged.
It comes after The Athletic reported that the Toffees are still very much for sale with the “terrible” financial state of the club clear for everyone to see.
The finance expert admitted it was no surprise to see this dragging out, and stubbornness in negotiations could come back to haunt MSP in the end with no deal yet announced.
“Everyone has got their own vested interest in this,” he exclusively told Goodison News.
“It comes back to that negotiating power, but the other side to that is risk and reward to the investor. A lot of the way that this has dragged on is partly because of Premier League survival, that’s gone in favour of the club, part of it has been the stadium which has always been in the background, part of it has been on the financial position of the club over the last four years which needs a lot of due diligence.
“Even when you have looked at all that and other things that come into the mix, you’ve still got the negotiation between people, and often, there can be a stubbornness and ultimately that can become one of the biggest hold-ups as well.
“It was never a straightforward takeover, so again, you could look to speed that up if you’re MSP but you may be pushing against a brick wall at times and that’s when the other side comes into it.”
In other Everton news, Bill Kenwright had written a new resignation letter for the club before a new twist