Current Everton owner Farhad Moshiri is reportedly in talks to sell his club for around $444 million to an American businessman. The Financial Times claims that the potential suitor is Maciek Kaminski.
Kaminski is the founder and chairman of Kaminski Asset Management. He moved to Minnesota from Poland when he was eight years old. He studied at the University of Minnesota, earning a bachelor’s degree in biology and physics. H Kaminski gained distinction in the 1990s when he founded the Poland Kaminski Fund. At the time, this was the first and only Poland-focused investment fund in the United States.
According to the report, talks between the two sides advanced in recent days. However, no agreement has been closed. Furthermore, any potential deal needs the approval of the Premier League. Furthermore, the currently unstable financial market in the UK complicates any deal.
American businessman with an eye on Everton
Moshiri initially started his investment in Everton six years ago. He was previously a minority owner of Arsenal before selling his shares to acquire a majority stake in Everton in 2018. Moshiri sold his shares of Arsenal to Alisher Usmanov. The billionaire then made an unsuccessful attempt to take over Arsenal, as Stan Kroenke won the bid.
However, the two companies remained partners. Usmanov continued to have financial links with Everton until earlier this year. The Russian businessman saw his assets frozen by the European Union in May due to his country’s invasion of Ukraine. Usmanov was reported to be close to Russian President Vladimir Putin.
A bird’s eye view of the incredible progress ????
The pitched beams are now installed in the rapidly developing East Stand, and the West Stand is also a hive of activity.
Meanwhile, you can see how the roof beams are being assembled on the two temporary structures next to the field. pic.twitter.com/4z2AnHoXD2
– Everton Stadium (@EvertonStadium) September 29, 2022
Since the ordeal with Usmanov, Moshiri has reportedly been looking for a new partnership to help finance a new stadium for the club. While this obviously caused many to speculate that he would potentially sell Everton, Moshiri denied the claims. “It will always be pragmatic to explore all possible investment opportunities,” Moshiri said in July. “But I want to assure everyone that Everton Football Club is not for sale.”
However, it seems that an agreement could be reached to change ownership. Moshiri might finally be ready to sell for economic reasons. Everton have reported massive losses in the last three financial years. In fact, the club reportedly racked up a net loss of more than $400 million between the 2018/19 and 2020/21 seasons.
PHOTO: IMAGO / Sportimage
