'There is an offer' - Kieran Maguire: Moshiri has a 9-figure Everton takeover bid on table

Farhad Moshiri does have an offer for Everton worth £400million after the collapse of his deal to sell the club to The Friedkin Group, according to Kieran Maguire.

Speaking on The Price of Football podcast on 23 July the football finance expert from the University of Liverpool pointed out that the numbers involved in the bid “don’t add up” because they don’t cover the debt the Toffees already have.

The offer may be from the group led by Vatche Manoukian which came forward previously with a bid worth that amount [The Athletic, 8 June], but was beaten to exclusivity by Dan Friedkin.

They have been named the “most likely” to return to the table by The Athletic’s Matt Slater on 20 July.

Maguire said (9m 45s): “There is an offer for round about £400m from somebody in London, but that’s for everything. And if its £400m for a club that’s got debts of £600m those sums don’t add up.”

He added that there may be other interested parties “sitting on their hands” in wait of a better deal down the line in what is a “complicated” and “messy” situation.

Everton offer could be Vatche Manoukian group

It is a start that there remain interested parties in buying Everton after Friedkin pulled out as there will be understandable concerns that any other bidders will face the same issues as he did, which his group have branded “unresolvable” [Talking The Blues, 20 July].

Despite lending £200m to the Toffees to reimburse their former takeover rivals MSP Sports Capital, and Evertonian pair Andy Bell and George Downing, it was the separate £200m-plus put in by 777 Partners from A-Cap through last season which brought done the deal.

There is at best a lack of clarity around what will happen to that debt moving forward, and at worst a reported threat that it could become attached to criminal charges in the US somewhere down the line, although 777 and A-Cap have denied any wrongdoing [The Athletic, 20 July].

The fact that the bid only accounts for two thirds of the club’s debt liabilities is likely why Manoukian and company, assuming it is them again, were dismissed as unserious bidders when they first emerged [The Esk, 9 June].

Moshiri appears likely to end up disappointed in his hopes of getting some sort of return on his actual shareholding either way, but it is unclear how an offer that doesn’t cover the money owed elsewhere would even work.

Further offers are predicted though and one unnamed party is believed to have a better chance of success than Manoukian’s group [Slater, 19 July].

In other Everton news, the Toffees have a long-term deal lined up for another new signing who is about to join on an initial loan.

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