Bryan King claims any new Everton owners would need to be prepared to invest as much as £800million to get the club back on track.
The former scout for Goodison feels that stability is desperately needed by the Toffees.
The Telegraph (10 June) reports that the club is valued at more than £400 million. However, the club’s debt for their new stadium makes a takeover difficult.
An all-equity acquisition bid of £400 million has been put forward by a group of Middle Eastern, Australian, and US investors headed by Vatche Manoukian, an Armenian living in London.
Their goal is to assist in reducing the debt of the club.
However, King believes that cleaning up the mess at Everton would end up costing far more in the long run. King made this claim exclusively to Goodison News.
According to King, “any new investors need to help clear the club’s debt.”
“Some stability is needed in Everton.” I doubt that £400 million would be able to make things more apparent. I believe the amount we should be discussing should be as high as £800 million.
“There are stadium payments and loans to make.” The numbers being stated, in my opinion, are lower than what is required to put Everton back on track.
Everton could prove costly for whoever completes a takeover at Goodison Park
A massive undertaking awaits anyone decides to attempt an Everton takeover.
Under Farhad Moshiri’s leadership, the Toffees have declined and gotten into a bit of a financial crisis.
If anything, the easy part of a takeover is probably finishing it. The tricky part will be what comes next.
Thus, the person who finishes a takeover at Goodison Park will have to make sure they’re prepared for the assignment.
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