Sources: Everton to enter talks with second investors - £100m-plus deal imminent
Everton owner Farhad Moshiri will consider further investment next season despite agreeing a deal with MSP Holdings, sources have told Football Insider.
The Toffees are in advanced talks with MSP over minority investment, with the New York-based firm entering an exclusivity agreement with the club.
It is understood that they will inject around £105million into the Merseyside club, with a deal set to be completed regardless of whether Everton are relegated or not.
The funds will be used by Moshiri to help finance the build of Everton’s Bramley Moore Dock Stadium.
Earlier this month, Moshiri rescheduled payments for the 52,888-capacity venue with the next instalment due at the end of May.
The MSP funding will largely be used to help finance the stadium through debt, but this site’s analysis shows that Everton are still in need of further investment to address major cash-flow issues at the club.
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The exclusivity deal signed by MSP rules out any further investment for the next 60 days, but well-placed sources have informed Football Insider that Moshiri will re-enter talks with investors next season.
US-based investment firm 777 Partners could reignite their interest in the club if Everton survives relegation this season.
The Miami-based firm valued Everton at £600million and were willing to invest before an exclusivity deal was signed with MSP.
This site understands that Moshiri could accept more external investment next season in the shape of a minority sale or a full takeover.
But the value of such a deal heavily relies on Everton maintaining their status in the top flight – the Toffees face a crucial visit from Bournemouth on Sunday to decide their fate.
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