Sam Allardyce amazed at what he’s been told about Everton takeover in £300m twist
Sam Allardyce is amazed that there is not more interest in the purchase of Everton after what he has personally learned about the club.
Everton have already seen two takeover bids collapse in the past few months, with 777 Partners and the Friedkin Group walking away from a deal with Farhad Moshiri.
The former Blues manager discussed the potential takeover on the No Tippy Tappy Football podcast [18 August] and revealed that any prospective new owner is walking into a club with high earning potential, including as much as £300million through sponsorship and revenue streams.
He said: “There must have been some problems somewhere, but if you’re not buying Everton with what they’ve got to offer…
“I know by keeping in touch with a lot of people up there that the club, its financial assets and revenue streams are increasingly [growing] with the new stadium – something like £75m a year.
“That’s on top of what you get from the Premier League, from sponsors, so the revenue streams go way beyond £200m, maybe even £300m.
“So if that’s not encouragement, having a new stadium and a training ground not in need of development for now, everything in the stability side of things is fine.
“Only the team needs redeveloping. So I can’t understand why nobody has come in to buy it unless it’s down to due diligence.”
Everton set to be a financial gold mine
Everton fans can see the light at the end of the tunnel. Moshiri is prepared to deliver on his promise to sell the club [talkSPORT] after entering exclusivity talks with Crystal Palace share owner John Textor.
There is still a long way to go before the sale of the club can be finalised. Textor first needs to deal with his 45 per cent stake in Crystal Palace [BBC Sport] before he can pursue his purchase of the Blues.
The talk of other interested parties has died down since the exclusivity agreement but other prospective buyers would be foolish not to throw their hat in the ring before all is said and done.
Everton are a club with the potential to become a financial powerhouse under the right ownership. The Blues have a passionate fanbase willing to follow their side anywhere and the Bramley-Moore Dock stadium, once complete, will offer other avenues for revenue for the club.
Tottenham Hotspur and Daniel Levy have recognised the non-football earning potential of a modern stadium and the Blues can follow a similar path.
Not only that, but significant investment into the playing staff could see the Blues push for the European spots in the upcoming seasons and further increase their earning potential through continental prize money.
The Everton takeover has been far from straightforward, and if Allardyce’s reveal is not common knowledge, expect more twists and turns in the saga until Moshiri finally waves goodbye.
In other Everton news, Neal Maupay could leave the Blues amid links with a new side.
For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.