Second US Group Shows Toffees Interest

Premier League football club Everton FC is drawing takeover interest from a US special purpose acquisition company, the second American party to reportedly enter talks in recent months, according to Bloomberg.

The report states that LAMF Global Ventures Corp, which is led by the nephew of American billionaire George Soros, has held preliminary talks with the Toffees about a deal.

Despite the interest, there is thought to be no concrete offers at this stage and LAMF is also considering a number of other European football clubs.

LAMF is led by Jeffrey Soros and Simon Horsman, both Los Angeles-based producers and boasts former Everton director, Keith Harris, as a senior adviser.

The group raised $253m (£225m) in a November 2021 initial public offering. 

Everton is currently owned by businessman Farhad Moshiri. Since taking over the club in 2016, Moshiri has invested heavily and in 2024 the club is set to move from Goodison Park to a new 53,000-seat stadium in the heart of Liverpool.

However, it has posted losses of £372m over the past three seasons and only narrowly avoided relegation from the Premier League in the last campaign.

Everton was also forced to search for fresh financing earlier this year after a number of sponsorship deals were suspended in response to the sanctioning of minority shareholder Alisher Usmanov, a Russian with links to the Vladimir Putin regime.

Another US group, KAM Sports, has also reportedly shown interest in the club in recent weeks. Owned by the Minneapolis-based Kaminski family, the sport asset management group is thought to have also entered talks over the past month.  

According to the Financial Times, the price tag for Everton would be around £400m.

A sale with either party would see the latest US owner enter English football’s top-flight following Todd Boehly’s recent takeover of Chelsea.

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