
Farhad Moshiri has reportedly received another bid for his majority stake in Everton, this time from Vici Private Finance which is backed by two billionaires.
According to reports, most notably from Paul Joyce in The Times, the UK-based group is being advised by former Blues director, Keith Harris, and has revived its interest in the Club after holding preliminary discussions with Moshiri "several months ago".
Joyce suggests that the offer from Vici, a newly-established "multi-family office of investment funds ... supported by two western hemisphere billionaire owners' funds" involves no further debt or other external funding and has shown proof of funds totalling £1bn.
Like that from the consortium led by Vatche Manoukian, Vici's bid is said to meet Moshiri's valuation of the Club and "includes provision for short-term funding before completion to stabilise the club’s finances and an additional commitment towards restructuring and clearing debts."
In addition, the group has apparently opened dialogue with the local council about the further regeneration of the area around the new stadium at Bramley-Moore Dock.
Vici Private Finance's filing at Companies House from December last year lists two directors by the name of Mark Ward (50) and Owen Bolt (60).
Original source The Times
Reader Comments (50)
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2 Posted 13/06/2024 at 19:58:49
3 Posted 13/06/2024 at 20:11:19
4 Posted 13/06/2024 at 20:17:24
5 Posted 13/06/2024 at 20:31:17
Usmanov must be loving this.
Buy out Moshiri for c£400m and use £600m to clear the other debt. Job done. Club has no or v little debt (hopefully) saving tens of millions a year in interest and can focus on the most important aspect - the squad.
Whichever buyer wins, it's going to be an interesting summer (assuming it stops raining…)
6 Posted 13/06/2024 at 20:41:18
Let's hope it's what it seems, unlike the Bell, Downing and Dell bid.
7 Posted 13/06/2024 at 20:50:51
8 Posted 13/06/2024 at 20:55:26
9 Posted 13/06/2024 at 20:55:42
"Don't believe anything you hear" is good advice though.
We don't have a clue what he's asking for the club, do we? It's bound to be a messy sale.
10 Posted 13/06/2024 at 21:01:59
We need to see more detail but, if true, this group looks like it would give us a fresh start and a sustainable future.
11 Posted 13/06/2024 at 21:02:49
I seem to remember the last time Keith Harris was tasked to find a buyer, the only one he could find was the infamous consortium based in a Manchester bedsit.
12 Posted 13/06/2024 at 21:10:43
Formerly of this parish and beneficiary of an all-expenses paid holiday courtesy of the HMP.
13 Posted 13/06/2024 at 21:17:55
Just make a decision Mr Moshiri.
Take your money. In fairness, you did invest with good intent and the stadium will be a lasting legacy. I don't dispute what you were trying to achieve. You were surrounded by the wrong advisors.
But it is time now is to hand over so us mortals who have been with our Everton (our Everton) since the cradle can have optimism for the future.
14 Posted 13/06/2024 at 21:32:42
Seriously, the Milk Man is going to lodge a bid soon.
15 Posted 13/06/2024 at 21:36:19
If Moshiri is still interested in 777Partners or A-CAP, one can only speculate it is down to an ability to move money through dubious channels.
17 Posted 13/06/2024 at 21:42:20
I always held a sneaking suspicion that they were turned down because of Keith Harris, and had similar feelings when a spanner was thrown into the works regarding MSP because I'm sure either deal would have been the end of the road for Chairman Bill. But maybe I was wrong and it was because R&MF have been making a killing.
The interest rates on the loans are incredible so if someone can come in, act professional, and straighten out our finances, then I believe our club will have a very good chance of becoming great once again.
18 Posted 13/06/2024 at 21:47:59
They must think our club will be a big money-making commodity sooner than later.
However, the old saying is ''buyer beware'' so who knows what will happen? It could just be Moshiri has no intention of selling without getting his own investment back.
It should be interesting to see who we sell in the next few weeks.
19 Posted 13/06/2024 at 21:48:58
When I Googled that name, the first hit that came up was a sex offender in that US cradle of warped humanity, Florida.
Tony #16, we're gonna need a cheap signing on the wing. You in shape?
20 Posted 13/06/2024 at 21:50:03
For Dyche, his staff and players, plus us lot, please get things moving soon.
21 Posted 13/06/2024 at 22:09:40
I believe that this bid, and the other bid from the two genuine Evertonians, are both credible, but is there anyone with any genuine credibility sitting on the other side of the fence? This is the biggest worry, imo.
22 Posted 13/06/2024 at 22:38:23
Who knows how long Moshiri is going to drag this out? I'm tired of checking the internet every hour for some sort of resolution.
23 Posted 13/06/2024 at 22:47:05
If, for just a moment, we believed that Moshiri was and is actng totally independently of Usmanov, then he is totally incompetent and always has been with all things Everton.
On the other hand, if it was never his money, never his decisions, then he really is in a bad place. A reputation in tatters, he is following the wishes and instructions of his mate.
Either scenario for the club is bad; if he is just making poor decisions, then based on his previous ones, God knows what we'll get. If he's following the instructions of his mate, God knows what we'll get.
I think Moshiri may well have been made an "offer you can't refuse" with 777 Partners.
Time to get out my Rosary beads and go to confession again, God must be sick of hearing from Evertonians.
24 Posted 13/06/2024 at 23:06:17
Put up or shut up.
Just get it 'kin done!
As yet another candidate throws their hat in the ring.
25 Posted 13/06/2024 at 23:30:39
Failure to do as requested rather than do what's required, are, in some parts of the world rewarded with one-way flights from hotels open windows…
26 Posted 14/06/2024 at 01:41:01
"Seriously, the Milk Man is going to lodge a bid soon!"
Mr Grimsdale? :-)
27 Posted 14/06/2024 at 03:36:08
28 Posted 14/06/2024 at 05:30:00
It actually sounds too good to be true. No further debt on the club and significant money to spend on the squad.
29 Posted 14/06/2024 at 07:15:51
If that is true, the key question is whether or not these people are fit and able to run a football club? They are ‘newly established' and thus have no track record whatsoever in football or anything else for that matter.
30 Posted 14/06/2024 at 07:27:02
Kenwright and Moshiri thought they could run a football club; that didn't end well.
This Vici finances also has a long term view on the land around the new stadium, apparently. They hope to redevelop it over the coming years.
31 Posted 14/06/2024 at 07:43:49
I find it interesting that names like Peter Kenyon and Keith Harris are again floating round, with our ex-CEO Keith Wyness offering his views on the ownership issue through a YouTube podcast.
At least all this speculation is giving us fans something to grasp on to? As usual, the owner and the (zombie) board are keeping stumm.
32 Posted 14/06/2024 at 08:13:43
I can honestly see him wasting this opportunity to relieve himself of the club and leaving us in the same situation come the start of the season.
33 Posted 14/06/2024 at 08:27:48
It always intrigued me how they have remained so silent when people in the media must have known about their interest in Everton, but now the cat is out the bag. If it sounds too good to be true, then why did Moshiri overlook them for 777 Partners months ago?
I have heard they showed a lot more than £1B but, without knowing anything more and being aware that clever people can move a lot of money around in minutes, the biggest thing that resonated with me was when I heard that these people know or have been convinced that one of the only reasons that Everton are still a Premier League club, is because of an incredibly loyal and passionate fanbase that have been shortchanged for years.
It's got to be this group (less of an emotional attachment) or Bell and Downing for me.
34 Posted 14/06/2024 at 08:31:15
I'd love it to be done by the end of June to give potential transfer targets some reassurance but that's too hopeful for a deal of this magnitude.
Plus, ya know... Everton.
36 Posted 14/06/2024 at 08:44:15
This time last week, we were told there was an announcement imminent, probably before the end of the weekend.
Now, we seem a lot further away from a decision so I'm not holding my breath!
37 Posted 14/06/2024 at 09:09:16
38 Posted 14/06/2024 at 10:08:27
People are queueing up to buy the club and we still are forced to wait whilst Moshiri still hankers after 777 Partners and A-CAP.
39 Posted 14/06/2024 at 10:18:53
I think we definitely need to separate those two parts of this deal – what's best for the club is not necessarily best for him, or would we have wasted all this time with 777 Partners?
It's funny how we now have this almost daily new bidders after we were led to believe 777 were the only option. Their £200M loan? Was that to just keep them in the race to buy us? To keep all other bids silent?
I read that these billionaire investors see the Premier League as a prestige investment, they know the value has rocketed and established Premier League clubs don't come up for sale that often, not a club like Everton. These billionaires won't want to miss out.
There's still a lot to play out. I hope the deal ends up being the best for the club because, with the stadium move, we have this once in a 100-150 year opportunity to progress, to really make a difference.
It can't be wasted so Moshiri can keep a few extra £££s.
40 Posted 14/06/2024 at 10:41:01
42 Posted 14/06/2024 at 11:03:31
43 Posted 14/06/2024 at 12:40:48
Get Moshiri as far away as possible
44 Posted 14/06/2024 at 12:44:16
That reminds of a conversation I had with someone who wondered if me and my mate were brothers and my mate replied "No, but we share the same milkman!"
45 Posted 14/06/2024 at 13:05:37
Unfortunately, I don't trust him to make the right choice. It's going to take some sorting out. Time is not on our side.
46 Posted 14/06/2024 at 13:12:29
What price the idiot is still calling the shots at Christmas?
47 Posted 14/06/2024 at 15:10:14
48 Posted 14/06/2024 at 15:11:36
What about the Cheesemakers?
Will they still inherit the Earth, or even Everton FC? :-)
49 Posted 14/06/2024 at 15:50:29
50 Posted 14/06/2024 at 16:18:17
Close, but only a small cigar!
51 Posted 14/06/2024 at 16:18:18
You need to be conversant with Monty Python to grasp the importance of that quote?
On the same Pythonesque theme going back to when Moshiri arrived – He's not the Messiah (we all thought he was) he is a very naughty boy! (We all know that to be true Now)
53 Posted 14/06/2024 at 17:44:06
The Erasure lead singer
Munchkin
a bankrupt insurer
The Roma guy.
The others sound like the type Kenwright would have aimed for.
57 Posted 14/06/2024 at 20:06:02
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1 Posted 13/06/2024 at 19:57:33
Their company was incorporated 28 December 2023 and lists its businesses as "Activities of financial services holding companies" and "Buying and selling of own real estate."
I have found absolutely no other information on either man. No news items, no Wikipedia articles. These are low-profile guys.