Farhad Moshiri is the only person who will suffer if the current Everton takeover bid falls through, according to Simon Jordan.
The talkSPORT pundit claimed live on the station (16 April) that the club will find a buyer even if 777 Partners fail to complete a deal, and it will be the current majority shareholder who bears the brunt of those developments as he will likely have to take a “haircut” on a reduced sale price.
After it emerged that 777 had been granted an extension to their deadline to repay MSP Sports Capital, with Moshiri having led the negotiations, and agreed to continue funding the club’s running costs Jim White raised the “crucially important” risk of what happens if they stop doing so.
Jordan said (10.25am): “Moshiri is out and doesn’t want to be there for whatever reason that is…
White cut in: “But that’s crucially important because if the takeover then collapses 777 are saying they’ll continue to fund the day-to-day running of the club, but that might change.”
“There’ll be a buyer for Everton,” Jordan replied. “The only person that will really suffer in the longevity of a deal is Moshiri, because if he has to cut his cloth accordingly and the valuation of Everton has to come down to meet what people are prepared to pay, then the person that will suffer from that will be Moshiri because he can’t get what he wants from it.
“There’s a price for Everton, that price is being determined by Moshiri and the indebtedness, right? So if Moshiri has to take a haircut because all of a sudden 777 aren’t in the mix and someone else comes along [so be it].
