I’m taking this as hugely positive news. It means a credible sports investment company has ploughed through Everton’s finances and decided that despite the poor performance of the playing team and the board, and the impending financial investigation, that they still see a way of making a successful return on their money. That would give me far greater hope for the future- even if we end up going down this season- knowing that there are people in charge who have a plan to turn things round.
Or they are absolute maniacs that are about to buy a multi hundred million pound business that may or may not get its value slashed by relegation, AND is currently on the hook for a penalty for which there is zero precedent at all, and zero documented minimum and maximum punishment. Totally unknown.
How on earth they have valued the acquisition on that basis is very very odd. Our value if we stay up and get a mild telling off is a couple of hundred million more than if we go down and get a 12 point deduction and 1 year transfer ban.
I’ve been a part of acquisitions where the price is contingent on the next 2 years profit (sadly this usually requires the incumbents to stay on and assist in integrating the business, so the better it’s integrated, the more they get when they leave after 12 months etc). We do not want that at all. But the potential variation in the clubs worth at this precise moment is staggering.
I’ve seen large potential acquisitions falter because a particularly invasive weed was found in the customer car park, and the cost of its permanent removal is completely uncertain.