Everton owner Farhad Moshiri signs exclusivity agreement with MSP Sports Capital

Sky Sports News have reported that Everton owner Farhad Moshiri has signed an exclusivity agreement with the American investment company MSP Sports Capital.

MSP have been in discussions with Moshiri for months over a potential investment into Everton and the agreement will put the New York based firm in pole position to provide investment into the club.

Negotiations over the deal are progressing well, however, there is still work to be done by both parties before an official announcement.

Everton have reportedly been in discussions with Miami-based investment fund 777 partners over a potential investment. 777 already have a portfolio of several football clubs, such as recently relegated German side Hertha Berlin, recently promoted Genoa in Italy, as well as Red Star FC in France and Vasco De Gama in Brazil.

A report conducted by The Athletic earlier this week revealed Moshiri had agreed a deal to sell the club to American investment fund 777 partners, whilst it also stated Moshiri has agreed a similar deal with MSP, which would provide him with the funds required to complete the construction of Everton’s new £500m stadium. Both reported deals are said to be non-binding and subject to conditional caveats.

Everton are currently the subject of an independent inquiry, after the Premier League referred the club to an independent commission over an alleged breach of financial fair play rules in the 2021-22 season.

The Toffees reported losses of £417m between 2018 and 2022, whilst the Premier League’s profit and sustainability regulations state that clubs are allowed to lose a maximum of £105m over a three-year period.

Despite this, Moshiri is adamant that the main focus is on Everton’s final match against Bournemouth at Goodison Park this weekend. Sean Dyche’s side, along with Leeds and Leicester, face the possibility of relegation, however, a victory will secure their Premier League status for next season.

Travis Levison | Get Football

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