Kieran Maguire: Everton set for boardroom change amid new ‘turmoil’ behind the scenes
Any potential Everton investors will likely demand a role in the club’s boardroom as an ‘insurance policy’.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the likelihood of minority investment at Goodison Park.
The Toffees are not for sale, but owner Farhad Moshiri is open to accepting minority investment in the Merseyside club, according to The Guardian.
Everton have reported losses of £372million over the last three years and are still searching for funding for their Bramley Moore Dock Stadium.
The Daily Mail revealed earlier this month (7 April) that Moshiri has delayed plans to shake up his executive team at Goodison Park in the hope that external investors could be attracted by the prospect of a seat on the board.
Maguire believes a boardroom role may be required so investors can track how their money is being spent under Moshiri.
“Any potential investor in Everton will be looking for some sort of insurance policy given the turmoil behind the scenes that the club has experienced in the last few years,” Maguire told Football Insider’s Sean Fisher.
“That will likely come through board representation where the investor can be involved in strategic and operational decision-making.
“So if there is going to be an acquisition of 20 per cent or more it’s going to cost tens of millions of pounds.
“For that amount of money, you would expect to have a seat at the table to make sure your money is used wisely.
“Spending money wisely has not been a strong point at Everton since Moshiri originally bought the club.“
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