Everton enter exclusivity agreement with MSP Sports Capital and close in on fresh investment
Everton enter exclusivity deal with MSP Sports Capital as the club approaches an injection of new investment… with talks to continue after the New York-based firm skipped rival bidders 777 Partners
- A financing agreement has yet to be finalized, but talks are continuing
- The American company is about to provide Everton with much-needed investment
- MSP figures were at Goodison Park for the loss to Southampton in January
Everton has signed an exclusivity deal with US company MSP Sports Capital as they look for an injection of new investment.
It is clear that while no deal has been finalized on funding, talks between the New York-based MSP and the Toffees – who have also spoken with 777 Partners – are progressing well.
Seventeenth in the table after the weekend’s action, Everton face Bournemouth at Goodison Park next Sunday as the battle for survival in the Premier League heads to Sean Dyche’s men’s final game of the season.
The Merseyside outfit’s new stadium at Bramley-Moore Dock is currently under construction at a cost of £760 million.
Figures from MSP were on hand with Goodison as Everton lost 2-1 to Southampton in January.
Everton has signed an exclusivity agreement with MSP Sports Capital over new investments
Owner Farhad Moshiri (above) has been in talks with investors for several months
777 Partners (above: Josh Wander, one of the company’s managing partners) have been caught up
MSP and 777 Partners, another US firm, were then seen as parties in talks after Everton owner Farhad Moshiri said in February that he was in talks with “top real quality investors to bridge a gap in the stadium”.
As reported exclusively by Mail Sport last week, the battle for a significant share of the club’s ownership took a dramatic turn after MSP gained confidence in a deal.
Initially, 777 Partners led the race, although skin color changed over the course of just 48 hours, and their £600m bid was unlikely to be successful.
Indeed, insiders revealed that MSP felt able to sneak in and finalize an agreement.
As an added bonus for the struggling club, MSP will guarantee their purchase even in the event of Everton being relegated, while 777 are believed to have wanted guarantees from Dyche’s side to avoid a costly drop in the Championship.
The structure of a possible deal is expected to free up much-needed resources to be spent on infrastructure and improving the squad over the summer term.
MSP also has interests in several other clubs across Europe, including Brondy in Denmark, Spain’s AD Alcorcon and GD Estoril Praia in Portugal.
MSP’s rival bidders would have sought assurances that the club would avoid relegation
Supporters have protested angrily this season against Moshiri’s divisiveness of the club
Everton are just two points above the Premier League’s bottom three going into the final day
Earlier this year, MSP was linked with a move to Tottenham Hotspur. However, sources close to the process insist the company’s long-term focus is on Everton.
British-Iranian businessman Moshiri has invested more than £750 million of his own money since 2016, but supporters have objected to his ownership of the club.
Some have even staged vocal protests ahead of some home games this season to demand Moshiri and other board members stay out of their roles.
Everton are currently just two points above the relegation zone.