Kieran Maguire: Everton ‘mystery’ is like ‘solving a Rubix cube’ as two deals now all but done
The finances at Everton remain shrouded in mystery – but there is every chance that the club could soon welcome a new minority shareholders.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about Farhad Moshir’s hunt for external investment in the Toffees.
The British Iranian billionaire, who has been majority owner of Everton since 2018, is seeking external investment to help finance construction of the new stadium at Bramley-Moore Dock.
CEO Denise Barett-Baxendale wrote in an open letter to supporters on 23 December that two deals relating to the project would be announced soon.
Some analysts suggest that one agreement could be with a minority investment partner and the other a naming rights deal.
But Maguire claims that given the secrecy with which the club are operating, it is impossible to know for sure.
“The exact structure of these deals remains to be seen,” he told Football Insider’s Adam Williams.
“Trying to work out the intricacies of Everton’s shareholdings, finances and funding is a bit like trying to complete a Rubix cube in the dark.
“There is an awful lot of mystery and cryptic comments from the executives.
“But there is no reason why an equity investment could not be part of the strategy to give minority stakes away.
“That would help Farhad Moshiri retain control of the club. But as he has stated previously, he is open to sharing the rewards of the club with other prospective shareholders.
In other news, Everton make move to sign Anthony Elanga as asking price revealed.