Everton owner Farhad Moshiri has been weighing in over new investment in the club and has been in talks with multiple investment firms in recent times. MSP Sports Capital seems to emerging as a favourite to acquire a minority stake in the club.
Moshiri is looking to dilute some part of his 94% stake in the club and bring investors on board who can fund the new stadium and help Everton achieve commercial success globally. Earlier, there were rumours swirling of Moshiri looking to sell the club but the British-Iranian businessman quashed the rumours of a potential sale.
Instead, Moshiri iterated that the club remains open to bringing new investors on board who can not only bankroll the stadium but provide expertise and guidance in developing the club brand globally. American investors showed interest as MSP Sports Capital and 777 Partners have been associated with a move.
Everton and MSP Sports Capital in advanced talks over investment in the club
Recently, a US based firm was at a game as investment talks seemed concrete. MSP (Moorad Sports Partners) were looking to buy 25% of the club for a little over £100 million. Then MSP emerged as buyers for Tottenham Hotspur as Jahm Najafi, the firm’s chairman, looked at a £3.5 billion takeover of Spurs but the North London club was not for sale.
Miami based 777 Partners were also mulling over investing in Everton and have a strong portfolio in terms of their sports investments. They have already invested in clubs like Sevilla, Genoa, Hertha Berlin, and Vasco de Gama and were looking to expand their investments by entering the Premier League.
In the background, MSP remained open to a sizeable investment in Everton. According to i News, Everton are on the verge of receiving a substantial investment from MSP. In fact, the investment could be secured in near future and the talks are at an advanced stage.
MSP is headed by billionaire Najafi and have ties with four football clubs across Europe. The New York based firm have stakes in German club FC Augsburg, Portuguese club GD Estoril, Belgian club SK Beveren and Spanish side AD Alcorcon and are now on course to have a minority stake in Everton if the negotiations continue smoothly.
Conversations about having seats at the boardroom level are being talked about as Najafi, Pete Taylor and Jeff Moorad could arrive on the board as a result of the investment. MSP Sports Capital have the expertise and can advise the club on commercial matters as they have an impressive track record. In the coming weeks, more details could emerge and the Toffees could have new investors on board soon.
Will MSP Sports Capital become Everton’s new investor?