
Aliya Capital Partners are backing John Textor's bid to buy out Farhad Moshiri of his 94.1% stake in Everton FC, Bloomberg News report.
According to a pitch document reviewed by Bloomberg, the Miami-based investment management firm under their Founding Partner and CEO, Ross Kestin, offered its investors the chance over the summer to commit up to $25m to backing a deal for Everton.
And Alexander Bafer, the head honcho at Brick Top Holdings and a founder and former CEO and Chairman of Textor's prior vehicle, fuboTV, has apparently signalled his desire to be part of the consortium that buys the Blues.
Aliya , which committed to supporting Elon Musk’s takeover of Twitter two years ago and are said to be investors in SpaceX, stand to be handed a co-chairman position and one seat in Everton's boardroom should they succeed in the takeover.
Aliya have given their investors the option of holding Everton shares for the long term or converting them into stock in Eagle Football Holdings LLC, the investment vehicle owned by Textor, in the event that the Missouri-born billionaire follows through with his plan to eventually take the Club public.
“We are delighted to support John Textor in his investment in Everton Football Club,” Aliya said in a statement.
“Our involvement in Everton reflects our shared commitment to innovation and transformation in football. We eagerly anticipate Everton’s ascent under John’s visionary leadership.”
In their article, David Hellier, Silas Brown and Jill Shah clarify that Textor is not bidding for Everton through his Eagle Football Group, which already owns Olympique Lyonnais, Botafogo, RWD Molenbeek and, of course, holds a 45% stake in Crystal Palace.
“There is no way to get the lender of Eagle to blend with the multiple lenders of Everton,” Textor said, referencing the Club's debts to Rights & Media Funding, The Friedkin Group and 777 Partners/A-CAP.
Quotes sourced from Bloomberg
Reader Comments (28)
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2 Posted 13/09/2024 at 22:51:16
3 Posted 14/09/2024 at 08:07:22
4 Posted 14/09/2024 at 09:41:02
I hope he is successful.
5 Posted 14/09/2024 at 10:00:52
Regarding his move and motivation, it does appear more than rhetoric. Textor has every right to speak to whomever he wants about the situation and his thoughts about his ownership of Everton because he has been given exclusivity after entering into negotiations to buy us.
Reporters wouldn't be doing their job if they failed to even approach the guy. Everton are a massive media story. Not necessarily for the right reasons. Still in Textor they have found someone who is engaging. He isn't under any 'Gag' order.
That he has recruited what seem to be a financial powerhouse to support his move, is no different to what the previous syndicates did. Some more honest than others.
These seem to have a name that means something too.
Let's hope this has credence and a power to shift the awful accountant and his bloated oligarch master.
7 Posted 14/09/2024 at 10:13:24
Hateful human being.
Yeah, we need a buyer, and yeah we can't pick and choose – it'll still feel unsavoury, at least to me.
All big business is a shady moral shit-ground so I guess it's a case of suck it up.
8 Posted 14/09/2024 at 10:17:52
Let's hope that Everton (Moshiri) don't screw this up or else we will remain in the perilous wilderness forever and a day as they say.
9 Posted 14/09/2024 at 10:19:42
10 Posted 14/09/2024 at 10:28:26
I read that as up to $25m per investor as opposed to the entirety of the group.
I may be mistaken.
11 Posted 14/09/2024 at 11:15:41
Rich bastard.
12 Posted 14/09/2024 at 11:48:51
If true, basically, the £1 purchase is probably intended as a nominal amount so as to pass for a legal purchase to register a limited company.
Textor can purchase in his own name and through legally incorporated companies, the advantage is it protects from personal liability. The Everton fans linked to buy Everton also set up such a company.
13 Posted 14/09/2024 at 12:40:25
14 Posted 14/09/2024 at 13:00:34
He was mentioned as an investment they had made into his SpaceX project as a bit of fluff. That's all.
15 Posted 14/09/2024 at 13:26:46
The headline on the story stated that mega rich entrepreneur joins Textor, but when you read the story he is only worth a relatively small £67m.
What I did find interesting when looking this fella up, is that he's the executive chairman at FUBO TV, a company Textor started up. So makes me wonder if this Alexander Bafer fella will be a board member if this all goes through.
16 Posted 14/09/2024 at 14:04:26
Textor I think wants to buy separately and then later transfer Everton as part of Eagle Group. The Esk could be right again, Textor could fail to get this over the line if Slater's right about the conflicting views.
Textor did however refute the report.
17 Posted 15/09/2024 at 08:01:34
(*Make Everton Great Again)
18 Posted 15/09/2024 at 12:01:31
If it's only $25M per investor, then count me in!
19 Posted 15/09/2024 at 14:06:18
20 Posted 16/09/2024 at 03:03:26
21 Posted 16/09/2024 at 07:12:53
Big Pimpin. Everton are street Jay-Z. I was on the wheels of steel in 1981. We even have the Street End.
I said a hip hop, the hippie, the hippie. To the hip, hip hop and you don't stop.
22 Posted 16/09/2024 at 07:53:38
I know beggars can't be choosers etc but I am not sure I want anymore of this circus bullshit.
I am sure Textor is a massive upgrade on Moshiri, however he is a bit too mouthy for my liking, he has not landed the deal yet and is already creating too much noise.
I sure as shit don't want celebrity owners. Please come back, Friedkin, we need a hard ass and serious businessman who gets things done efficiently and quietly.
23 Posted 16/09/2024 at 15:19:03
My worry is that Moshiri is up to his usual trick of kicking the can down the road again. Waiting for what? Putin to pull out of Ukraine and sanctions to be lifted? Another fairy godmother to appear? Someone we know already? You never know with Moshiri.
Whatever, I am increasingly uneasy about the Textor bid and its chances, having been enthusiastic initially. There just seems to be too many moving parts involved with any one of them capable of throwing a giant spanner in the works at any stage, not to mention the question of what the man from Monaco really intends.
I don't think Textor would be a bad owner by the way but I'm now in the wait and see camp but, with everyone else, I'd love it to get sorted once and for all asap.
24 Posted 16/09/2024 at 16:44:35
If we go down, then surely the price of the club will dramatically be affected. He could lose millions and the vultures will surely start to circle looking for a bargain.
I don't think he can afford to do nothing if our form continues.
25 Posted 17/09/2024 at 03:38:18
Though Textor feels like a sideways step at best. Not saying he would be incompetent like Moshiri. However, I suspect his ambition and enthusiasm might not be based in reality. That's my gut feel on it.
I agree with Steve (#22). Let's hope Friedkin does come back for us.
26 Posted 18/09/2024 at 10:09:04
Plus that offer by them closed at the end of August and Bloomberg isn't saying whether they achieved agreement for it or not. I assume they did but you would have thought that Bloomberg would have said so.
It all points to a scramble to find the finance. A bit here, there and fingers crossed seems the order of the day. I have doubts, as I said a few days ago at post 23.
28 Posted 18/09/2024 at 10:26:11
29 Posted 18/09/2024 at 10:29:56
It's all very strange isn't it?
Is Textor trying to do Moshiri a favour by overstating his interest and potential backers in order to get Friedkin to make a move, or is Friedkin getting ready to make a bid in response to Textor genuinely taking the lead in a takeover of Everton.
Whatever's going on, it's not great for the club, hanging in limbo waiting for something to happen.
What's the use of a fit and proper test for owners when a club can be tied in knots by outside influences such as those the club has borrowed money from?
It's been stated that Moshiri, even if he was inclined to do so, hasn't got access to funds in order to bankroll the club, if a takeover doesn't happen soon, we may once again be staring at an existential crisis.
What I would bet my money on, whichever party takes us on, is that the new stadium will not be the cash-cow for the club that we believed it might be, and all of the pain and suffering of the last five years or so, will have been for nowt.
I'm not saying that the new stadium won't generate money, it will, but somehow it probably won't benefit the club as much as it does for those that decide to invest in the club, be it as an individual or a group of investors.
30 Posted 18/09/2024 at 13:10:58
Whatever, it is a tangled web as usual. That is why I am firmly in the "wait and see" camp this time.
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1 Posted 13/09/2024 at 22:29:20
All the pieces referenced by Bloomberg seem to be from that document.
A document which dates from some time in August and thus is at least a month old!