US Financial firm, A-Cap are seriously interested in buying Everton despite their links with 777 Partners.
According to a report from The Telegraph, A-Cap is emerging as a “serious takeover contender”, and their chief executive, Kenneth King, is in active talks with Moshiri.
The investment firm helped 777 to pump money into Everton, and they are attempting to convince Moshiri to sell his majority of shares to them.
Some sources have suggested that A-Cap are in the driving seat at the moment and King is “fiercely motivated” to secure an agreement.
While a broad agreement term has to be reached before the start of the new season, Moshiri is not looking to rush things. He has received offers from other potential buyers, with Andy Bell and George Downing being serious contenders.
Journalist Tom Morgan has reported that the A-Cap group are by far the most controversial takeover option, while journalist Paul Brown wrote on X (12 June) that their very existence in the business hangs in balance.
Farhad Moshiri must avoid A-Cap at all costs
A-Cap provided operational costs to 777 Partners before the Miami-based investor’s takeover collapsed.
Moshiri will put his own interest above anything else but in this case, the Toffees could suffer if a deal is struck with A-Cap.
London-based Armenian Vatche Manoukian tabled a £400 million “all equity” offer last Friday. Roma owner Dan Friedkin showed tentative interest but he is unlikely to be involved in the takeover process.
Everton fans have plenty of reasons to worry. Both A-Cap and Manoukian would present the most obvious hurdles in passing the Premier League directors’ and owners’ test. Manoukian’s offer will come under serious scrutiny due to the involvement of the Saudi royal family.
Likewise, A-Cap’s financial uncertainties could be a major issue for the Premier League to give them a green signal. With so many investors making their pitch, Everton cannot expect to get a new owner before October at the earliest.
