• Loading stock data...
Saturday, June 22, 2024

X Games Owner in Discussions for Everton Stake

  • MSP Sports Capital has reportedly held preliminary discussions for a minority stake in Everton.
  • Everton owner Farhad Moshiri recently clarified that the club wasn't for sale.
Everton
Everton FC

MSP Sports Capital could expand its soccer portfolio with an investment in Everton.

Everton owner Farhad Moshiri clarified earlier this week that the club wasn’t for sale, but that a minority investment to help fund its new stadium — expected to cost around $936 million — was close.

Bloomberg reported that MSP has held preliminary discussions with the club, which currently ranks second-to-last in the Premier League standings and is at risk of being one of the three teams relegated to the second tier at the end of the season.

  • Moshiri, who took control of the team in 2016, previously said he’s been talking to investors to bring in more talent and “bridge a gap on the stadium.” 
  • Everton hasn’t won any major trophies since 1995 and sacked manager Frank Lampard this week.

“We are close to having a deal done,” Moshiri said in a video on the team’s website this week, though it wasn’t clear with whom. “It’s not selling the club at all. It’s just bringing more expertise in terms of global sponsorship, in terms of commercial development.”

MSPortfolio

MSP Sports Capital, which was founded by Phoenix Suns co-owner Jahm Najafi and former sports agent Jeff Moorad, has stakes in several other soccer teams, including Portugal’s Estoril Praia, Spain’s AD Alcorcon, Belgium’s SK Beveren, and Germany’s FC Augsburg.

In 2020, MSP purchased a minority stake in Formula 1’s McLaren Racing team and acquired a controlling stake in X Games from ESPN in October.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Everton FC owner Farhad Moshiri stands on the pitch at Goodison Park Stadium.

Another U.S. Takeover? Houston-Based Group in Talks With Everton

The English soccer club continues to look for a new owner.

Clark vs. Reese: Priciest WNBA Game Set for Record-Breaking Viewership

Ticket pricing has already set a league record, while viewership expectations are lofty.

MLB’s Rickwood Game Plans Change Significantly After Passing of Mays

The special-event game at the historic Negro League park follows the death of the iconic Willie Mays.
podcast thumbnail mobile
Front Office Sports Today

How Women’s Sports Media is Charting Its Own Path

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Aces Sell Out Regular-Season Home Games in WNBA First

The Aces’ slow start continues to have no impact on the box office. 
June 18, 2024

Grousbeck’s Big Bet: Can Owner’s Spending Keep Celtics on Top?

The high-spending team faces more rising costs heading into its title defense.
June 20, 2024

New Koch Stake Values Nets, Liberty Parent at $6 Billion

The Koch family is well known for its conservative political donations.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 13, 2024

Done Deal: Utah Hockey Club Unveils Identity, Colors, and Jerseys

The newly established NHL franchise selects a color scheme and temporary name.
June 10, 2024

Real Madrid Flees From Boss’s Claim It Won’t Play in FIFA’s Troubled Club World Cup

Carlo Ancelotti originally said his team won’t play in the U.S. tournament next summer.
Jan 21, 2023; Philadelphia, Pennsylvania, USA; Philadelphia Eagles owner Jeffrey Lurie walks off the field after win against the New York Giants during an NFC divisional round game at Lincoln Financial Field.
June 6, 2024

Report: Jeffrey Lurie Exploring Sale of Eagles Minority Stake

A sale would be based on a $7.5 billion team valuation.
Jan 11, 2020; Austin, TX, USA; Mike Bloomberg kicks off his presidential campaign in Austin on Saturday, January 11, 2020.
June 6, 2024

Report: Michael Bloomberg Joins Battle for Timberwolves Ownership

The former New York City mayor is worth roughly $106 billion.