Journalist shares 'Bit of bad news' regarding Michael Dell amid Everton takeover latest

Matt Slater has shared a “bit of bad news” regarding Michael Dell’s involvement in George Downing and Andy Bell’s bid to takeover Everton.

Dell’s family office MSD Partners has backed Downing and Bell’s bid to acquire the Toffees and agreed to help support the pair should Farhad Moshiri agree to a period of exclusivity to close the deal [The Register, 10 June].

While this update has excited supporters and journalists alike in recent days, The Athletic’s Slater has insisted that Dell is “not riding” to the Toffees’ rescue as his company will be little more than a lender to this deal.

Speaking on The Toffee Blues YouTube channel (11 June) he said: “Michael Dell has absolutely no interest in owning sports teams, that’s now what this is about.

“MSD Partners, which is his initials, is a family office. They are a private equity firm and there is a lot of Dell money in there, but Michael Dell is not pouring over what they do, he’s not directing them and they have for the last few years among other things really got into lending money to English football clubs.

“They’re big into lending money, that’s what they’re interested in. They can’t therefore take stakes in clubs and the other thing to remember is they don’t want clubs to go bust.

“I can almost tell you one bit of bad news, Michael Dell is not riding to the rescue to buy Everton, but the good news is MSD Partners are quite good lenders, they’ve got quite a good track record.

“The interest rates are higher than you might choose to pay, but they are good patient lenders and if they think Everton football club can borrow an amount of money, then that means they’re confident that Everton can do it.”

Will Michael Dell become part owner of Everton once Goodison takeover has been completed?

Dell’s involvement in Downing and Bell’s takeover may have been slightly over-egged in the last few days. The tech titan isn’t becoming a stakeholder at Goodison Park, instead, he is helping the deal potentially get over the line.

This is something the company have done many times before, including at the likes of West Brom and West Ham so this is by no means an experiment by the prospective new owners at Goodison Park.

Ultimately, Everton need good lenders to help them try and get out of this financial hole they have found themselves in. MSD are good lenders and that can only be a good thing for the long-term future of the Toffees off and on the pitch.

Hopefully, Moshiri will be quick to grant Bell and Downing a period of exclusivity so that they can move to get this deal over the line as soon as possible so that focus can instead begin to turn to the summer transfer window.

In other Everton news, a new Borussia Dortmund twist has emerged in the Toffees’ push to sign Irish international Jake O’Brien

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