Regarding Michael Dell’s role in George Downing and Andy Bell’s attempt to acquire Everton, Matt Slater has revealed a “bit of bad news.”
According to The Register on June 10, Dell’s family office MSD Partners has supported Downing and Bell’s acquisition proposal for the Toffees and promised to assist the two in the event that Farhad Moshiri grants them a period of exclusivity to complete the transaction.
Although this news has thrilled journalists and fans alike in recent days, Slater of The Athletic has emphasised that Dell is “not riding” to the Toffees’ aid because his company will just be acting as a lender in this transaction.
Speaking on June 11, he stated on The Toffee Blues YouTube channel: “This is now about Michael Dell; he has absolutely no interest in owning sports teams.”
His initials, MSD Partners, stand for a family office. They are a private equity corporation with a significant amount of Dell capital, although Michael Dell does not oversee or manage them. In the past few years, they have become increasingly involved in lending money to English football clubs, among other things.
“What interests them is lending money; that’s their main focus. Because of this, they are unable to invest in clubs, and it’s important to keep in mind that they do not want clubs to fail.
“I’m almost sorry to tell you that Michael Dell won’t be coming to Everton’s aid; nevertheless, there is good news: MSD Partners has a solid track record as lenders.
“They are patient lenders, and if they believe Everton Football Club can borrow a certain amount of money, then that means they are confident that Everton can do it,” the statement reads. “The interest rates are higher than you might choose to pay.”
Leave a Reply