If you’re looking to buy a sports team but don’t have $7 billion, you may be in luck.
In case you missed it, the Washington Commanders, an NFL team plagued with problems, losses, and controversy, are for sale, and on Amazon, no less. (AMZN) – Get a free report Founder Jeff Bezos is reportedly interested in closing the deal.
And while it’s very rare for multinationally recognized professional football, baseball or soccer teams to enter the market, 2023 could be the year of a deal resurgence.
In addition to the Commanders, an English Premier League (EPL) club, Everton, has just come on the market, and their sticker price is quite reasonable.
English Premier League clubs are rarely for sale
After a series of losses, owner Farhad Moshiri has put Everton Football Club up for sale. Moshiri, an Iranian-English billionaire, ended the club after its dismal 3-6-11 record in the 2022-2023 Premier League season. The club is currently tied for 20th, bottom of the table, for this season.
“In recent months, Moshiri has sought outside investment but has finally put Everton on the market and would consider a majority or minority sale. A number of potential buyers have expressed interest,” The Guardian reported.
“Moshiri would like to recoup the money it has invested in the new stadium being built at Bramley-Moore Dock. Deloitte is understood to have been instructed to handle the sale of the club, which is in the Premier League relegation zone. “.
Everton have dealt with a series of unfortunate events this week; the club fired his manager Frank Lampardthat he had only directed 38 games in the Prem, on Monday.
Many Everton fans have been calling for the club to be sold for weeks, displaying their dismay with banners at matches.
Everton could be sold for next to nothing
Everton have spent almost $700 million on talent and players over the last six years, getting just $400 in return on investment. To make matters more expensive, Moshiri is in the midst of building a state-of-the-art stadium in Merseyside for the club, out of his own pocket. The new park is estimated to cost at least $500 million when all is said and done.
Everton’s owner reportedly wants more than $500 million for the club, one song, considering EPL club Chelsea was sold for $5.4 billion in 2022. Chelsea was sold by Russian oligarch Roman Abramovich to American businessman Todd Boehly later of the invasion of Ukraine.
The fact that Moshiri isn’t even putting the word “billion” anywhere near Everton’s price tag is a statement in itself. Everton boast one of the biggest fan bases in the Premier League and share cities with famed league champions Liverpool FC. Whoever buys the club will get it at a bargain price, and will be faced with a host of angry fans and messes to clean up.
