Kieran Maguire: ‘Significant stadium funding issues’ standing in way of Everton takeover
There are “significant funding issues” with regard to the Bramley-Moore stadium move which must be resolved before a partial Everton takeover can progress.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the latest developments behind the scenes on Merseyside.
The Guardian reported last Thursday (29 September) that Maciek Kaminski is in advanced talks to acquire a stake in the Toffees.
The American real estate mogul made overtures to current owner Farhad Moshiri earlier this year, but those talks fell through.
The revival of the billionaire’s interest has coincided with the emergence of another prospective bidder in the form of LAMF Global Ventures Corp, according to The Times on Wedensday (5 October).
The company is run by Simon Horsman and Jeffrey Soros, the nephew of George Soros, one of the world’s richest men.
Everton are due to move into their 52,888-seater waterfront stadium in time for the 2024-25 season.
Any prospective new owner will want assurances that the construction project is fully costed before they invest, insists Maguire.
“In relation to a potential Everon takeover, price is one issue,” he told Football Insider’s Adam Williams.
“But finding out what it is you’re acquiring and the assets and liabilities is another major consideration.
“Everton have a number of legacy contracts which are very expensive for players who they signed in haste and are now repenting.
“Therefore, I suspect that the Kaminski interest, which does appear to be more focused now, could be an issue of price but also one in terms of what is going to happen with the new stadium project.
“They are making progress there but there are also significant funding issues to be resolved.”
In other news, pundit suggests Everton could now sign Conor Coady for “nothing” after journalist’s new reveal.