According to the Liverpool Echo, the race to acquire Premier League club Everton has intensified with a private equity fund named “Vici Private Finance” entering the fray and engaging in preliminary talks with club owner Farhad Moshiri.
This marks Vici’s fourth offer for Everton, this time proposing a full equity acquisition, eliminating the need for additional debt. The fund has provided proof of a £1 billion cash flow. Notably, Vici’s advisor is former Chelsea board member Harris, who was also part of Moshiri’s Everton board for three years before departing in 2016.
Harris brings extensive experience in club transfers, having assisted Roman Abramovich in the acquisition of Chelsea and being involved in the sales of Aston Villa and Fulham clubs.
Aside from Vici, several consortiums have shown interest in Everton, with one joint bid already offering £400 million. Additionally, Everton’s largest creditor is also reportedly considering purchasing the club.
Vici’s key advantage lies not only in Harris’s involvement but also in its provision of both short-term and long-term capital for the club. The proposal also encompasses the redevelopment of the club’s new stadium at Bramley-Moore Dock in Liverpool’s waterfront area.
Private Equity Fund Offers to Buy Everton in Full Equity Deal, Proves £1bn Cash Flow. Author:Sports UEFA.Please indicate the source when reproduced:https://www.sportsuefa.com/football-world/private-equity-fund-offers-to-buy-everton-in-full-equity-deal-proves-1bn-cash-flow.html