Everton being valued in the £400million mark is probably an inflated figure and Newcastle United should be their benchmark in trying to secure a takeover, Dan Plumley has said.
Kieran Maguire stated on his Price of Football podcast (23 July) that there was an offer from “somebody in London” for £400m but added the figures don’t add up for a club with around £600m of external debt.
Finance expert Plumley, speaking to Goodison News, thinks that even accounting for the potential revenue the new stadium at Bramley-Moore Dock Everton should be valued more around the £300m mark, which is what Newcastle went for when they were sold to Saudi Arabia’s Public Investment Fund in October 2021.
“It’s (£400million) probably not enough in Everton’s eyes or certainly Moshiri’s eyes,” he said,
“The caveat to that is I’m not so sure Everton is a £400million club at the minute, I know there’s the new stadium in there and the revenue generation possibilities but there’s a lot of debt you’ve still got to take on attached to that stadium and it’s not quite there yet.
So, I think the £400-500million value Moshiri was looking for I think was kind of inflated if you look at some of the metrics we use to measure the valuation, I’d probably put it more at the £300million ballpark, similar to the Newcastle deal a few years ago if you’re looking for benchmarks.