Kieran Maguire issues £350m Everton takeover verdict as US bidders emerge – ‘I’ve heard…’
Everton is likely worth more than £350million to Farhad Moshiri.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the Toffees’ current investment predicament.
The Daily Mail reported last Friday (8 April) that the Toffees have attracted interest from American bidders willing to pay £350m to buy the club.
It is understood that Moshiri has not put Everton up for sale but is seeking outside investment to offset the club’s mounting financial issues.
But Maguire claims that the British-Iranian billionaire is unlikely to cut his losses and move on, especially not at the £350m quoted price.
“If the £350m means Moshiri writing off his debt then they would be getting it at a discount,” he told Football Insider‘s Adam Williams.
“Moshiri effectively bought them for £175m. Since then, he has added to the club by lending it large sums of money.
“He would end up having to take cut in terms of the total he has invested into Everton. A lot will depend on how he feels on a long-term basis.
“The noises I’ve heard from Everton are that he is committed and believes the Bramley Moore project will turn things around financially.
“That will coincide with things improving on the pitch as well because the more resources you have coming in, the more you can spend on new signings.
“As far as new owners would be concerned, they’d have to fund the stadium. So, it’s £350m plus the £400m to £500m that the stadium is going to cost.“
Everton have lost £372m over the last three financial years.
They are set to move into a new 52,000-capacity stadium at Bramley Moore Dock in time for the 2024-25 season.
In other news, pundit suggests Dele Alli may have downed tools and now faces “big problem” at Everton.