Everton Attracting More Takeover Interest From The USA

Bloomberg is today reporting that Everton Football Club is attracting more takeover interest from the United States. Following ongoing speculation that Maciek Kaminski wants to buy into the Toffees, a special purpose acquisition company co-led by George Soros’s nephew, is now interested in a takeover according to people familiar with the matter. 

The report states that LAMF Global Ventures Corp. I has held preliminary talks with the Blues about a deal, with the sources not wanting to be identified because the information is private. 

LAMF are interested in a deal to buy the club but currently no deal has been agreed with Everton owner Farhad Moshiri, the source also claimed that LAMF could also decide to pursue a deal for another European football club if no deal can be reached.

A spokesman for Everton declined to comment, while a representatives for Los Angeles-based LAMF couldn’t immediately be reached for comment. 

Who are LAMF?

LAMF is a company led by Jeffrey Soros and Simon Horsman, who are both Los Angeles-based producers. Former Everton director, Keith Harris, is a senior adviser for the company, securities filings show.

The group also reportedly failed with a $3bn takeover of Tottenham Hotspur in February.

Everton owner Farhad Moshiri has stated that he is open to investment into the Toffees but has stopped short of admitting that he would welcome a full takeover. Moshiri has invested heavily into the club since taking a near 50% stake in 2016, with a new state-of-the-art £500 million ($566 million) stadium on the dock-side in the city of Liverpool currently being built.  

US investors in particular have been seeking deals for English football clubs, partly attracted by an appreciating dollar exchange rate against the pound. They’re also drawn in by cheaper valuations relative to sports franchises in America and the strong earnings potential from competing in the EPL.

Source : Bloomberg