Battle to buy Everton takes turn with MSP Sports Capital confident they can complete a deal
Everton takeover battle takes a dramatic turn with MSP Sports Capital confident they can complete a deal by MONDAY as they leapfrog rival bidders 777 Partners – and they will guarantee their purchase even if the Toffees are relegated
- 777 wanted guarantees that the club would be in the Premier League next year
- A deal could be structured which could free up funds to improve the squad
- Crunch talks are set to continue over the weekend as a sale moves ever closer
The battle for Everton is set to take a dramatic turn – with MSP Sports Capital now confident they can complete a deal for the club by Monday.
As Mail Sport revealed earlier this week, rival American outfit 777 Partners were leading the race but over a fast-moving 48 hours it appears that their £600m offer may now not win them the club from deeply unpopular owner Farhad Moshiri.
Crunch talks are set to continue over the weekend but insiders have disclosed that MSP feel they can steal in and complete a deal for the Toffees, who are fighting for their Premier League survival.
While this newspaper revealed that 777 were believed to have wanted guarantees of Everton staying in the top flight, MSP will guarantee their purchase even if Sean Dyche’s side are relegated. They are currently one point above the drop zone ahead of Saturday’s trip to Wolves.
Bournemouth head to Goodison Park next Sunday for the final game of the season, which could determine their fate.
MSP Sports Capital believe they can complete a deal to buy Everton by Monday next week
They have overtaken 777 Partners in the race to buy the club – Josh Wander, one of the managing partners at 777, is pictured
A sale would put an end to the highly-criticised reign of current owner Farhad Moshiri
Earlier this year MSP were linked with a move for Tottenham. But those close to the process say that their focus has always been on Everton and they have been exploring a deal for the Merseyside club for some time.
A deal for Everton could be structured, which would – in theory – free up funds to be spent on infrastructure and the playing squad.
One major issue is the build of Everton’s new £505m stadium at Bramley Moore dock. The next instalment is due imminently and funds will be needed to ensure it is paid.
777 are said to have wanted guarantees that Everton would be in the Premier League next season
Fans that have held protests will have their calls answered if Moshiri is to sell the club
Iranian American billionaire Jahm Najafi is MSP’s chair while Jeff Moorad, a former agent, is the chief executive. The company is named Moorad Sports Partners.
Moorad was part-inspiration for the smash hit film Jerry Maguire. Large sections were filmed in his office and the iconic phrase ‘show me the money’ is said to have been taken from a conversation he had with an NFL star.
The pair were at Goodison in January to see Everton’s defeat to Southampton.
MSP have stakes in other European football clubs, including Denmark’s Brondby, Spain’s AD Alcorcon and G.D Estoril Praia in Portugal.