Kieran Maguire: Farhad Moshiri’s hand ‘strengthened’ as Everton takeover battle on cards
Farhad Moshiri’s position has been strengthened as multiple parties have thrown their hat in the ring for a partial Everton takeover.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the latest developments behind the scenes at Goodison Park.
American businessman Maciek Kaminski made overtures to Everton about acquiring a sizable stake in the Toffees earlier this year but it was later widely reported that negotiations had been shelved.
But The Guardian reported last Thursday (29 September) that the real estate mogul is now in advanced talks with Moshiri over a deal that would see him provide funding for the club in exchange for equity.
And per The Times on Wednesday (5 October), a new prospective bidder has emerged in the form of LAMF Global Ventures Corp.
The company is run by Simon Horsman and Jeffrey Soros, the nephew of George Soros, one of the world’s richest men.
Maguire explained why a competitive auction is good for Everton and heavily-criticised owner Moshiri.
“It’s always good to have interest from a variety of parties,” he told Football Insider’s Adam Williams.
“That means if they try to negotiate down or query the value of the asset, you can say there are other alternatives.
“This puts Moshiri in a stronger position. However, we don’t know if he’s looking for a takeover, a minority investment, or just to improve cash flow.
“They do have the ongoing costs of the new stadium to consider.”
In other news, ex-Premier League referee “shocked” after confirmed Everton news via BBC.