Talks revived between Kaminski and Moshiri
updated Farhad Moshiri has reportedly returned to the negotiating table with Maciek Kaminski and is in advanced talks over either the sale of Everton FC outright or the Minnesota-based real estate mogul taking a stake in the club.
According to the Financial Times and corroborated by Matt Law of The Telegraph, Kaminski has managed to maintain a dialogue with Moshiri since an initial approach by a consortium headed up by Peter Kenyon to purchase Everton for £500m failed over the summer.
The report today suggests that Kenyon is no longer involved and that Kaminski is hoping to complete a £400m buyout of Moshiri's majority stake himself but a later report by The Guardian has it that the two parties are hoping to thrash out a deal where the Polish-American provides funding for the stadium at Bramley-Moore Dock and takes a minority stake in the club.
“The structure of the deal is complex and and prevailing market conditions have complicated matters but a source close to the negotiations said there was a high chance an agreement would be struck. The percentage of Everton to be bought by Kaminski remains under discussion,†write Will Unwin and Andy Hunter.
Kaminski and his family were the main financial players bankrolling the initial takeover offer that came to light in June and they were hopeful at one stage of having a deal in place under the banner of Kam Sports, LLC. by the time the Blues visited Minnesota in July.
Those talks came to nothing and Moshiri would later issue a statement that he was not looking to sell Everton but there have been suggestions that talks have continued in the background ever since.
Perhaps emboldened by Sterling's recent crash in valuation against the US Dollar – at £400m, it would cost $70m less to buy the club today than it would have in June – Kaminski appears once again to be testing Moshiri's resolve.
According to both Law and the Liverpool Echo's business correspondent, Dave Powell, an agreement is not thought to be imminent and no new paperwork has been submitted.
Reader Comments (42)
Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer ()
2 Posted 29/09/2022 at 18:13:48
3 Posted 29/09/2022 at 18:21:05
4 Posted 29/09/2022 at 18:31:37
5 Posted 29/09/2022 at 18:35:26
This is all Bill's fault. He should never have sold up to gangsters. The new guys don't have any money, but will be relying on their shrewd business brains to keep us up, with any actual money earned going straight into their sky rocket. If it doesn't work out and we go down, no harm done, sell everything and move on.
Pardon my french, but 'we're fucked.
As Jeremy Irons says in Margin Call: 'This is it!'
6 Posted 29/09/2022 at 18:42:11
If that is the model he's going for, it's seriously damaging to the club and he should be run out of town. Does sound like Moshiri is getting that 7-year itch now.
𧹈M to buy the club. But how much is needed to finish the stadium? Another 𧶲- 300M? I'm not sure if the stadium makes us more attractive while half finished or less attractive until it's finished?
Someone with more knowledge of the facts, like Paul the Esk may need to shed light on these issues, as we get no real updates on the finances of the stadium from the club.
7 Posted 29/09/2022 at 18:56:03
With new ownership, they will surely bring in their own board members?
8 Posted 29/09/2022 at 18:59:30
Let's hope there is more than one interested party.
9 Posted 29/09/2022 at 19:09:31
10 Posted 29/09/2022 at 19:14:47
11 Posted 29/09/2022 at 19:16:41
12 Posted 29/09/2022 at 19:29:17
I know very little about Kaminski but the majority of American owners of English clubs has never ended well. Probably the only exception is FSG but they had a good background in owning a sports franchise, which at least gave them an idea of what running a Premier League team would require.
We may get more detail in time, but does this put at risk the new stadium at Bramley-Moore Dock being finishing on time? Obviously it has no effect on our FFP position, as that is down to the club and not the owner.
Also, how will this impact on Lampard and his coaching team? Maybe the constraints of a new owner might make things more difficult. I know some have said, if it gets rid of Barrett-Baxendale and Kenwright, it will be a good thing.
I worry if we end up like another Sunderland: American owner, new stadium, team get relegated, American sells, club ends in freefall.
13 Posted 29/09/2022 at 19:30:56
14 Posted 29/09/2022 at 19:44:23
I hope the two are not connected.
15 Posted 29/09/2022 at 19:46:26
However, as we are we have big uncertain risk hanging over the club in the form of a murky connection to sanctioned individuals, plus football-related incompetence.
If the new owners are switched on, this could be better.
And it seems inconceivable that private equity would pull the plug on the stadium because that's what will help drive their additional revenue and also remodel the commercial image of the club.
16 Posted 29/09/2022 at 20:29:05
Everton's biggest problems over the past 5-10 years come from bad or no strategy and terrible recruitment. Isn't that all on Moshiri? No one mentions him while they blame her? Am I missing something?
17 Posted 29/09/2022 at 20:30:24
18 Posted 29/09/2022 at 21:13:18
Last time up, I thought this interest was a bit strange and I am still wondering whether he is a stepping stone, a proxy for other, bigger investors. Probably letting my imagination get carried away.
I suppose I am just looking to the likes of Paul and others more knowledgeable to tell me if this particular investor is good for the club or not. Especially as what some people say and then do are two different things.
19 Posted 29/09/2022 at 21:28:55
20 Posted 29/09/2022 at 21:58:00
And if true what a shithouse Mosh must be after announcing "NOT FOR SALE" recently.
21 Posted 29/09/2022 at 22:09:26
If I was him that's the deal I would want.
22 Posted 29/09/2022 at 22:34:03
23 Posted 29/09/2022 at 22:37:07
I I don't see how Moshiri, would dilute his interests in Everton, until at least BMD, is commissioned..
But who knows..
Focus on Soton, and 3 points this Saturday and to build on the recent good form.
24 Posted 29/09/2022 at 22:37:41
25 Posted 29/09/2022 at 23:40:31
Jerome, do you have any factual or even theoretical basis for this belief?
Or is this just the latest edition of Jerome's Unfounded Rumors and Wild Speculations?
26 Posted 29/09/2022 at 23:46:40
“Perhaps emboldened by Sterling's recent crash in valuation against the US Dollar – at 𧹈m, it would cost $70m less to buy the club today than it would have in June – Kaminski appears once again to be testing Moshiri's resolve.â€
𧹈 million represents a significant chunk of Mr Moshiri's personal wealth - perhaps 25%? The question is how much resolve does he have regarding his ownership of Everton FC?
In the current financial chaos the world is currently experiencing the people with the most wealth are probably rubbing their hands with glee wondering which bargains they should acquire while the going is good. For example Elon Musk could buy EFC tomorrow and it would be a mere blip on his radar.
These people think long term. Everything passes. Unless the lunatics who are supposedly running the world decide to start WW3 in two years time EFC will be worth we'll North of the ٟB currently being bandied about. Especially in the light of the fact that Lang O'Rourke are locked in to complete the stadium build for 𧺬M.
He is getting on a big now Mr Moshiri - will he decide to accept the first reasonable bid that comes in and sail off into the sunset to enjoy his remaining years - or will he ride the storm. It is going to get very interesting.
27 Posted 29/09/2022 at 23:52:25
28 Posted 30/09/2022 at 01:35:14
Our beloved club is now almost 25% cheaper to the Americans on whatever price that Moshiri quoted back in the summer.
29 Posted 30/09/2022 at 01:51:18
The structure of the deal is complex and and prevailing market conditions have complicated matters but a source close to the negotiations said there was a high chance an agreement would be struck. The percentage of Everton to be bought by Kaminski remains under discussion.
In other words, crapola.
Matt Law of the Telegraph claims Kaminski has a net worth of $1 billion, but offers no credible source for that information.
As best I can determine, Kaminski hasn't made a single public statement to anyone about anything since 1999. My business friends in Minneapolis know absolutely nothing about him.
Fasten your seatbelt. We are not going to know jack shit about this guy until/unless he completes the purchase.
And that makes me VERY uncomfortable.
30 Posted 30/09/2022 at 03:13:39
31 Posted 30/09/2022 at 04:21:53
This is Moshiri's way of getting a large chunk of his money back and still retaining control by offering a large minority stake and possibly seats on the board.
No idea whether Kaminski would be good or bad news but it would be good to get black Bill away from control of the club.
32 Posted 30/09/2022 at 04:31:57
33 Posted 30/09/2022 at 04:36:58
I don't like the sound of this fella. I would much rather see our owner get the outside funding he needs to finish the stadium without having to dip into his own pockets again.
34 Posted 30/09/2022 at 07:04:15
35 Posted 30/09/2022 at 08:03:02
36 Posted 30/09/2022 at 08:53:54
An investor isn't going to spend up to 𧹺M without a very significant stake in, or ownership of the stadium. This could entail Everton leasing the stadium from the investor. Or an outright purchase of the club if Moshiri wants out.
37 Posted 30/09/2022 at 09:20:40
I read the comment about $1B too. If true it doesn't sound enough to foot the bill on its own, does it? It's a lot less than Moshiri is allegedly worth.
So either it's a small investment or it's all a bit overblown. Latest comments seem to indicate its far from a done deal.
38 Posted 30/09/2022 at 09:25:50
40 Posted 30/09/2022 at 13:36:58
41 Posted 30/09/2022 at 17:23:57
If they take us over, it will be like the Glazers on steroids. We'll end up like the restaurant in Goodfellas – a bankrupt smoking ruin.
Fingers crossed that someone with real money takes over rather than someone taking on a fat loan to finance the deal.
42 Posted 30/09/2022 at 17:33:59
45 Posted 01/10/2022 at 12:18:43
In Bill we trust, choo choo.
Add Your Comments
In order to post a comment, you need to be logged in as a registered user of the site.
Or Sign up as a ToffeeWeb Member — it's free, takes just a few minutes and will allow you to post your comments on articles and Talking Points submissions across the site.
How to get rid of these ads and support TW


1 Posted 29/09/2022 at 18:08:45