Business · Companies · 10 hrs ago

Everton, Crystal Palace and Leicester seek investment at differing valuations

Everton, Crystal Palace and Leicester seek investment at differing valuations

Everton, Crystal Palace and Leicester City are all seeking new investment or exploring a sale.

The figures put forward add up to about £1.8 billion, but they measure different things and do not represent completed deals or binding offers.

Everton’s US owner has opened the door to new investment, including a possible sale of a controlling stake, and hired an investment bank to advise.

Its estimated value is £720 million, with its new stadium seen as an asset that could help grow income.

Crystal Palace’s owners are seeking a £900 million valuation and are exploring interest in a stake sale or takeover.

The club also needs more funding to expand its stadium, whose planned capacity would rise from about 25,000 to 34,000.

Leicester’s owners are seeking buyers after the team dropped to England’s third tier; a sale plan values physical assets, including the stadium and training facilities, at £224 million.

The different figures reflect the clubs’ contrasting prospects and needs, but no sale price or completion date has been confirmed.

Sources

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