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MSP Capital move back to the front of race to buy into Everton

| 19/05/2023 20comments  |  Jump to last

Just a couple of days after claiming that 777 Partners were close to securing a £600m deal to buy Everton, Mail Sport now say that MSP Capital are the more likely investor in the club.

Mike Keegan, who broke the "news" that Farhad Moshiri was on the verge of selling his 94% stake to Miami-based 777, now reports that MSP's structured deal which involves an initial investment of £105m is the more likely bid to succeed.

Moshiri has primarily been seeking a cash infusion to help fund the next phase of construction of the Everton Stadium at Bramley-Moore Dock and while speculation has rumbled on to the contrary, he has insisted that he is not looking to sell his full shareholding.

MSP Capital, run by chairman Jahm Najafi and former sport agent Jeff Moorad, have interests in other  clubs, including Brondby in Denmark, AD Alcorcon in Spain, and Estoril Praia in Portugal.

Article continues below video content

Rumours that they were interested in a £3bn buyout of Tottenham earlier this year came to nothing and, according to Keegan, they are prepared to buy into Everton regardless of which league the club is in next season.

Original Source: Daiy Mail  

Reader Comments (20)

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Paul Hewitt
1 Posted 19/05/2023 at 19:52:13
MSP apparently want a deal agreed by Monday. And will still buy even if we're relegated.
Peter Carpenter
2 Posted 19/05/2023 at 20:03:03

'And will still buy even if relegated.'

Really? Just one reason to stay well clear of them.

Paul Hewitt
3 Posted 19/05/2023 at 20:07:42
Peter, they probably see it as a long-term thing.
Tony Everan
4 Posted 19/05/2023 at 20:09:51
I just read that, Paul.

MSP Capital seem determined to do a deal at the right price, just like 777 Partners.

Just wondering now if there's a bit of concern creeping in with these interested parties. That we stay up, and a big hitter comes out of the woodwork with an offer.

Mike Hayes
5 Posted 19/05/2023 at 20:36:26
It'll be Walt Disney and Mickey Mouse next. 🙄🤷💙
Paul Hewitt
6 Posted 19/05/2023 at 20:42:10
MSP only want to fund the building of the stadium. So could Moshiri still sell the club separately?
Dennis Stevens
7 Posted 19/05/2023 at 21:05:44
Just so long as any investment being contingent on a new Chairman and, preferably, a whole new Board!
Jim Lloyd
8 Posted 19/05/2023 at 21:23:11
Well said, Dennis, spot on!
Joe McMahon
9 Posted 19/05/2023 at 21:25:25
I don't care, anyone will do, as long as they can give us a clean slate and a new professional and proven board and CEO.
John Raftery
10 Posted 19/05/2023 at 21:53:10
I see Mr Moshiri is £70M poorer according to the Sunday Times Rich List published today.
Chris Hockenhull
11 Posted 19/05/2023 at 22:04:02
Don't forget The Mail about 3 weeks ago proudly ran its headline “Send Them Down“!! regards Everton. So don't ever believe that rag and that episode confirmed that. Don't believe anything until it is done.

But I'd welcome The Mail doing a big expo of Billy Bullshit once this is over. It may be a crock of shite and lies… but… well… er…

Jim Lloyd
12 Posted 19/05/2023 at 22:27:56
Funnily enough, Chris, the Mail ran a story entitled "Everton are a Club of Soul; but attempts to hide Financial Failings, show there's a Charlatan in charge" that was on the 5th April.

The man who threw the "Send them down" article, I think it was Simon Jordan, who dearly loves us.

Derek Thomas
13 Posted 19/05/2023 at 22:33:21
I was going to type "Yippee! A bidding war" – but it's not as simple as that. So I'm not going to attempt to 'out Esk' The Esk.

The basic premise for me is: The first offer Moshiri gets that he can live with, he's off. That's him sorted.

What about us, though? The club is (to my simple mind) not a single entity any more, it's divided into a few parts... maybe more than I think?

The share value (only worth at any given moment what anybody is prepared to pay on the day), any debt, stadium build expenses, month-to-month costs, wages etc. That's before we even look at any P&S inquiries and the dreaded 'R' word.

My worry is Moshiri will just take what cash he can, then run off clicking his heels - leaving existing debt, and a need for £200M - £300M to finish the new stadium behind.

Thus, the club acquire new owners, who must have some sort of Cunning Plan... which is a worry. Or are they just proving the 'Greater Fool' Theory in real time?

As always with The Ev – more questions than answers.

Clive Rogers
14 Posted 21/05/2023 at 09:44:19
Not impressed with either of these bidders. I have the impression they are are both solely after a quick profit and are not really interested in the footballing side.
Jerome Shields
15 Posted 21/05/2023 at 13:10:35
As I suspected, there are parties looking for a bargain. I would even include Kenwright amongst them. Moshiri is unlikely to want to sell out for a bargain price.

The world is awash with money for someone like Moshiri to source; if not him, someone similarly connected. If 777 or MSP don't come up with enough legit millions, it is not the end of the road.

David Israel
16 Posted 22/05/2023 at 12:28:23
If he fails in his bid at Old Trafford, well, who knows,Jim Ratcliffe may well turn his sights our way...
Jim Lloyd
17 Posted 22/05/2023 at 12:40:47
That'd be good David. We can but hope! Unfortunately, though, we've no say in who buys (or invests in the club) We're only able to sit onm the sidelines and watch...and hope!
Andrew Ellams
18 Posted 22/05/2023 at 12:47:46
Clive @ 14, exactly my thoughts. I'd expect minimum investment into the team and more of a sale for profit once the team is playing at BMD.
Paul O'Neill
19 Posted 22/05/2023 at 14:14:47
My first concern is they’re asset strippers. The fact that they’re still prepared to invest if Everton are relegated. My other concern is that they’re the preferred bidder because Blue Bill and his gang have crowbarred in a deal to keep them in place.
Mike Hayes
20 Posted 22/05/2023 at 14:28:24
Paul O’Neil Bullshit Bill has beaten them to the assets 🤷💙

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