Investor known for breaking transfer records exploring Everton takeover
Everton’s takeover saga has been a long and arduous one, and yet still has no end in sight.
After all, with Dan Friedkin pulling out in his pursuit, the Toffees regressed back to square one on that particular front.
However, with every setback comes new opportunities, and as one American passes upon taking ownership, another seems set to emerge from the shadows.
Finance expert gives his verdict on Kevin Malone’s Everton interest
Speaking exclusively to Everton.News, finance expert Adam Williams gave us the lowdown on Kevin Malone’s interest in taking over Everton.
Seeking to profile the American, he combed over his record-breaking tendencies and reckless past that could worry Evertonians.
He claimed: ‘I think when we talk about Kevin Malone, it’s worth noting that the bid isn’t coming from him per se.
‘Rather, he appears to be the public face of a consortium that is exploring a takeover.
‘As we don’t know anything about the coalition, we can’t say too much at this stage.
‘What Everton need is someone with the capital to service the existing debt and, most pressingly, pay off the loan from 777 Partners in its entirety, upfront.
‘That loan and the associated legal complexities appear to be the reason that Friedkin pulled out, and any new bidder will be faced with the same issues.
‘I can’t pretend to know a huge amount of Malone himself, but he seems to historically have been quite a bombastic character, albeit one who has dedicated himself to good causes in recent years.
‘He signed the first $100m-contract player in Major League Baseball. And his record suggests that he has a habit of putting his foot in his mouth with his public comments.
‘In any case, his involvement with the LA Dodgers – who, coincidentally, are the team now co-owned by Chelsea’s Todd Boehly – was 20 years ago.
‘Everton are a club desperately in need of stable, sensible leadership. Does Malone embody that? That’s a question that I think demands further exploration.’
Everton need stability after the takeover
Whilst he might be backed by a huge fortune, with wealthy investors seeking support his endeavour, recklessness is the last thing that this football club needs.
For so many years under Farhad Moshiri’s leadership, the Toffees have been dragged through the mud.
Their finances were frittered up the wall on unintelligent signings and clueless managerial appointments, and only now that they have the sturdy joint stewardship of Sean Dyche and Kevin Thelwell have they finally begun acting like a proper business.
Sustainability is paramount for Everton now, and no matter how much money someone has behind them, they need sense too.
