Everton takeover verdict emerges after MSP Sports Capital investment collapse
Any new investment in Everton following the collapse of MSP Sports Capital’s potential deal would just be a stake in the club, rather than a full takeover, according to Alan Myers.
The Sky Sports journalist shared via his Twitter account on 24 August that, as far as he is aware, there are no talks regarding a full takeover, and the interest would be in buying a stake in the club as an investor.
The news comes following the update that two overseas groups, one in North America and one in Asia, have presented financial packages to Farhad Moshiri, and are hopeful their bids will be accepted in the next week.
Investment will have to be good enough
Despite plenty of calls for a full takeover of the club as fans have grown sick of the leadership of Moshiri and Bill Kenwright specifically, new investment will have to do for now as a full takeover is not on the cards.
There were fears of continued financial issues when MSP pulled out of their potential investment deals on 23 August despite talks continuing for weeks prior, but there seems to be no shortage of suitors queuing up to invest in the Merseyside club.
Questions had been asked over the ethics of possible investment from 777 Partners, whom Moshiri is said to be in talks with, and the investment firm also wanted assurances around the club’s Premier League status, which of course could not be given at the time.
All of the financial questions around Everton are underlined by a Premier League investigation over tax irregularities and a £430million loss over the last five years, which has been described as bizarre [Sunday People, 20 August], with the threat of points being wiped.
Hopefully, a resolution can be reached soon.
In other Everton news, two new bids have been made for a key Everton target.