Everton may have a new opportunity for fresh capital to be invested into the club, but they and owner Farhad Moshiri cannot afford to repeat the mistakes made in recent transfer windows.
As reported in the Liverpool Echo, New York-based investment firm MSP Sports Capital remain in talks with Everton over a stake in the club, as Farhad Moshiri aims to sell a portion of his 94% shareholding.
Everton have been a club in chaos for much of Moshiri’s reign at Goodison Park, with seven permanent managers since 2016 and over £500m spent in the transfer market, they also face a second successive scrap for Premier League survival this season.
Fresh investment would therefore be an enormous boost for the club, who are due to appear before an independent commission for alleged breaching of the Premier League’s profit and sustainability regulations, allegations which the club strenuously deny.
Investment could be the olive branch Moshiri needs at Everton, as fans reach tipping point
The club have seemed to lack direction and strategy, and the result is an overpaid squad of underperforming players, few of whom the club are able to shift for a profit.
Investment could provide Everton with a second chance financially, as there is little doubt that Moshiri’s millions have been misspent year after year, leaving a cloud of uncertainty hanging over Goodison Park.
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Indeed, US billionaire Jahm Najafi, who runs MSP alongside vice-president Peter Taylor were both in attendance at Goodison Park for the 2-1 defeat to Southampton in January, as was super-agent Jeff Moorad.
The percentage that Moshiri will be willing to relinquish is not yet known, though reports suggest that should a deal with MSP be reached, the new investors would want some kind of board representation, affording them a say on the direction of the club.
This would be welcome news to Evertonians, as frustration towards the current board reaches boiling point, and would indicate that changes could be underway at the top of the club.
It will be interesting to watch how the potential investment in Everton proceeds, but the Toffees must remember that there are rarely second chances, so must not repeat the mistakes of the past.