Everton takeover under pressure after new Tottenham investment updates
Everton could find themselves under pressure to sort out their takeover situation after MSP Sports Capital entered talks to purchase a stake in Tottenham, according to Dan Plumley.
The investment firm is currently owed £153million by the Toffees after loaning money to help with the Bramley-Moore Dock stadium, and Farhad Moshiri is in the process of selling the club to Dan Friedkin after a deal with 777 Partners collapsed.
MSP Sports Capital are also said to be in the running to take over at Everton, but have now switched their attentions to Spurs as they look to take a 40 per cent stake in the club [Paul O’Keefe, 1 June] and football finance expert Plumley has admitted that could apply pressure to Everton to speed up their situation.
“This is where you want to move quickly at any club when this is going on, because time and time again the biggest players in this market and particularly a lot of the venture capital private equity firms that we’ve seen recently come into European football, they will move on pretty quickly from target to target and if you don’t pin one of those down and get a deal done then there’s a chance they could invest elsewhere,” he exclusively told Goodison News.
“I guess if this were to come off, and we know there’s very little behind the story at the minute, some whispers and noises, you’re looking at the same scenario that if they’re looking at 40 per cent of Tottenham then that means they can’t have a majority stake at Everton as well the way the rules work.
“If those kind of conversations are taking place then it puts the pressure on Everton a little bit to sort out the situation at their club, because if it’s not MSP taking over there perhaps then they’ll move on to other targets. That’s completely plausible.”
Everton hope for Dan Friedkin deal to be done imminently
The future of the club was looking bleak just a few weeks ago with 777 Partners desperate to seal a deal for the club despite not having the funds to do so.
But things suddenly look much better with Dan Friedkin reportedly completing a deal for the club with just an announcement missing (Il Messaggero, 15 June) and substantial investment in the club expected (iNews, 18 June).
The suggestion is that Friedkin plans on wiping the club’s debt too, meaning MSP Sports Capital will have their money back and be free to do what they wish with Spurs if that’s the path they want to go down.
Not having their money from Everton would make processes far more complicated, so fans can hopefully not panic about the situation and instead look forward to a bright future.
Someone has stepped forward and put their money where their mouth is and the club are going in the right direction for the first time in a long time.
In other Everton news, Dan Friedkin could sack Sean Dyche once he completes his takeover.
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