Everton takeover by SPAC would see the club listed on the stock exchange
Everton would be publicly listed if taken over by a special purpose acquisition company (SPAC).
According to the Liverpool Echo, the club would be listed on the stock exchange at a pre-determined price with shares available for purchase in the company.
It is understood that a SPAC headed by the nephew of hedge fund heavyweight George Soros had held preliminary talks over a takeover.
Could be beneficial
This certainly isn’t the last we’ll hear from SPACs, as the takeover talks are here to stay.
There are pros and cons to having clubs listed on the stock exchange, as there are with many other things in football.
In a way, this is good for sponsors as they will be able to acquire shares relatively cheaply, while the risk for investors is also reasonably low as the capital invested is returned if a target is not found.
Investors can also reclaim the initial capital if they don’t like a deal.
Any takeover talks certainly include the new stadium and it is important whoever ends up buying the club to ensure that the Bramley Moore Dock project goes ahead without any hurdles as it is important to take the club to the next level and to attract a higher caliber of player as well.