Everton takeover update as alternative buyers told £700m price tag is ‘absolute bargain’

After 777 Partners’ bid flopped, Darragh MacAnthony stated that an investor would find Everton to be a “absolute bargain” for £700 million.

Alternative purchasers are now able to express interest in the property as the deadline for the Miami-based investment group to finish acquiring Farhad Moshiri’s majority stake at Goodison Park has passed.

Although there are rumored to be several parties interested in purchasing Moshiri’s stake, Peterborough chairman MacAnthony has acknowledged that he believes the Toffees will be much more valuable in the following five years.

In response to Kieran Maguire’s remark that a buyout might cost £700 million, MacAnthony said on talkSPORT on Monday, June 3, at 10:43: “You talk about £700 million being a lot of money for Everton, I think it is a bargain.”

“I believe that with everything going on in football—the revenue, the new TV deals, and the value. I’ve stated that it will be one of the largest sports industries outside of the NFL and a trillion-pound industry in the coming years.

We’ve seen the revenue of Spurs’ new stadium and what they’re doing with it; consider a team with the history of Everton and the stadium they’re preparing to build.

“I genuinely believe that £700 million, or less than $1 billion, for one of the oldest football clubs in the world in five years, is an incredible deal for a top Premier League club—and I say top because of their history of being in the Premier League for so long.”

Who will take over Everton after 777 Partners’ collapsed deal at Goodison Park?

That someone can consider a club that is deeply in debt for millions of pounds to be a “absolute bargain” when paying £700 million for it says volumes about the current condition of Premier League football finances.
However, as MacAnthony clarified, the Toffees are among the oldest teams in the nation and a well-established Premier League team. In a few years, the club’s value will be far higher if they can achieve some kind of financial stability.
But, whomever decides to buy the Blues will have to contribute financially to keep the team from going into additional debt or maybe going into administration because relegation would severely reduce the team’s long-term worth.

Hopefully, someone was moved by the Peterborough chief’s national radio rallying cry. It would be beneficial for everyone if a new buyer could be found because Moshiri wants to sell the team as soon as feasible and the supporters want change as soon as possible.

In unrelated Everton news, sources claim that if 777’s agreement falls through, the Toffees’ creditors may take over the Blues.