Everton
Premier League • England
Everton: Key investment deal could be signed ‘this week,’ while FFP probe continues behind the scenes
Everton could potentially complete an investment deal with American company MSP Sports Capital ‘this week,’ according to reports.
This news comes with the Toffees in the midst of yet another relegation battle, which could potentially have disastrous financial consequences.
However, the added funding could potentially be key for Everton, as they prepare to head into their new stadium – Bramley Moore Dock – in the 2024/25 season.
Since Farhad Moshiri became a major shareholder in the club in 2016, things have only gone downhill.
Indeed, poor recruitment, a lack of clear communication with the fans and shoddy managerial appointments have taken the Merseyside club backwards.
If Everton are relegated, it will be their first time in the second tier since 1951. As a result, Everton supporters groups have staged large protests before the majority of their home games this season.
The anger has been largely directed at Moshiri, club chairman Bill Kenwright and CEO Denise Barret-Baxendale.
Now, with Sean Dyche’s team currently in the bottom three with just six games to go, the pressure on the Toffees’ board is only expected to increase.
READ MORE: Top Everton earner set to be axed by Sean Dyche with summer exodus incoming
MSP ‘close’ to making £105m Everton investment
As previously noted by TEAMtalk, MSP, along with another American company – 777 Partners are both interested in purchasing a stake in Everton.
Now, according to Brown, the talks with MSP are nearing completion.
Speaking to GIVEMESPORT, he said: “There is another group talking to Everton about investing.
“MSP seem a lot closer to doing a deal than 777 and are regarded as much more serious investors.
“It’s apparently a £105m investment, which could even be completed by the end of this week. So, that would be very good news for Everton if it does come off.”
Indeed, if the talks are completed by the end of the week, it will be good news for Everton fans.
However, £105m simply won’t be enough to fix the damage that would be caused by relegation.
For instance, the Toffees currently have seven players earning over £100,000 per week, which wouldn’t be sustainable in the Championship.
FFP investigation still a big concern for Everton
More worryingly, though, is that Everton are currently under investigation for allegedly breaching the Premier League’s Financial Fair Play Regulations.
The Toffees have been officially charged with a potential breach of Premier League Rule W.82.1, recording losses in excess of £105m per season, in a period ending with the 2021/22 campaign.
The potential ramifications for Everton, if found guilty, could be a large fine, a points deduction (most likely next season), a wage cap or a transfer ban.
If they are banned from signing players and are relegated, this could potentially mean they will lose their best players – and, won’t be able to bring in anyone to replace them
This would greatly reduce the likelihood of Everton instantly returning to the Premier League.
However, with Moshiri close to securing funding from MSP, this could bring some much needed funds to complete their new stadium build and deal with the financial damage of dropping to the Championship.
For now, though, the player’s focus will be on remaining on the Premier League, with six huge games still to play. Ultimately, the outcome of this season could have a huge impact on the club’s history.