More on Maciek Kaminski's proposed takeover of Everton. Although there has been positive dialogue, a deal is not imminent. No price has been agreed. Sources close to the Kaminski side also don't recognise £400m as the sale number being spoken of.
That may be what #EFC want, but Peter Kenyon's consortium, which Kaminski was part of before going solo, actually (& contrary to some reports) valued club lower (under £350m) with a commitment on top to fund new stadium. Agreeing a price with Farhad Moshiri remains the challenge.
Moshri's valuation has been as high as £500m in the past (he's softened a little) but due diligence during the period of exclusivity, which has now expired, resulted in a significant gap in valuation.
Any new Everton owner still has to find roughly two thirds of the investment required to fund Everton's stadium at Bramley-Moore Dock. Club have a preferable deal for construction with Laing O'Rourke, but estimated cost is still around £500m, with over £300m unaccounted for.
Kaminski, like Kenyon's consortium, is fully committed to funding the stadium but believes doing so should reflect on the sale price. Moshri argues this is already the case and talks continue.
Kaminski and his son Mikhail are both involved and view Everton as a sleeping giant. They also hope to capitalise on Everton's pretty healthy US fanbase, especially ahead of the 2026 World Cup.
As well as agreeing a price, further due diligence on both sides still needs to be undertaken. Nothing has been passed on to the Premier League just yet, or is close to reaching that point.
Current financial market is not ideal either. Although there's to some extent a window of opportunity for US investors to capitalise on a weak pound, general uncertainty or instability makes generating sale capital risky. KAM Sports would have to move assets before any transfer.
Another minor factor, that could potentially delay matters if things progress, is where exactly the sale funds will go. It is believed, following the Chelsea takeover, the Premier League and UK Government will want to check there is no benefit to Alisher Usmanov.
This is not thought to be a significant hurdle, since Everton & Moshiri severed ties with Usmanov. But for peace of mind & full transparency, am told KAM Sports want clarity over where the funds will end up & it is very possible other third-parties will seek the same assurances.
As per KAM Sports' statement back in June, they remain committed and dialogue is ongoing. But further negotiation is very much still needed to move things along.
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