Darragh MacAnthony has claimed that £700million would be an “absolute bargain” for an investor to purchase Everton following 777 Partners collapsed takeover.
The deadline for the Miami-based investment firm to complete their acquisition of Farhad Moshiri’s controlling stake at Goodison Park has now passed and alternative buyers can now express their interest.
While a number of parties are understood to hold an interest in acquiring Moshiri’s stake, Peterborough chairman MacAnthony has admitted that he thinks the Toffees will be worth a lot more money in the next five years.
Speaking on talkSPORT on Monday (3 June, 10:43) MacAnthony reacted to Kieran Maguire’s suggestion that a takeover could cost £700million by saying.
You talk about £700million being a lot of money for Everton, I think it is a bargain.
“I think with what is happening in football, the money that is coming in, the new TV deals, the value. I’ve talked about it being a trillion-pound industry in years to come, one of the biggest sports industries out there outside of the NFL.
“A club with the history of Everton with the stadium they’re about to build, we’ve seen the revenue of Spurs new stadium and what they’re doing with that.
“I actually think, for a top Premier League club and I say top because of their history of being in the Premier League for so long, £700million or under $1billion for one of oldest football clubs in the world is an absolute bargain in five-years-time.”
Who will take over Everton after 777 Partners’ collapsed deal at Goodison Park?
It speaks volumes about the current state of football finances in the Premier League that anybody can view £700million as an “absolute bargain” to acquire a club that is riddled with millions of pounds worth of debt.
But as MacAnthony explained, the Toffees are an established Premier League side and one of the oldest in the country. If they can discover some sort of financial stability, the club will be worth an awful lot more than that in a few years.
