Deal confirmed:Everton and West Ham on high alert as £251m news from Saudi Arabia confirmed
The commercial departments of West Ham and Everton have taken note of a blockbuster deal sanctioned by a major Saudi Arabian company.
Everton are currently preoccupied with ticking the procedural boxes that will allow Dan Friedkin to finally take over the club, such as getting approval from the Premier League and financial conduct authority.
But once the American billionaire and AS Roma is in the Everton throne room, attention will turn once again to reducing the club’s debt, raising revenue, and ensuring a smooth transition to the new stadium.
Dan Friedkin Ryan Friedkin during the Pre-Season Friendly 2022/2023 match between AS Roma vs Shakhtar Donetsk at the Olimpic Stadium in Rome on …
Photo by Fabrizio Corradetti/LiveMedia/NurPhoto via Getty Images
At West Ham, rumours of takeover talks have reportedly been quashed by a senior source at the club, although David Gold’s daughter, Vanessa Gold, is looking to sell a chunk of her shares.
Unlike Everton, whose losses have been astronomical in recent years and left them at the mercy of the Premier League‘s PSR enforcers, West Ham have more or less broken even in the last two seasons.
But one thing the two clubs have in common is their target to raise commercial income, thereby increasing their freedom to manoeuvre in the transfer market in terms of both PSR and cash flow.
And the latest news from Saudi Arabia – via Spain – appears to be a positive omen on that front.
READ MORE: Chelsea owner Todd Boehly set for £31m payday, Everton takeover link is key
Riyadh Air deal now the benchmark for Everton and West Ham
Both West Ham and Everton are currently among the Premier League clubs seeking a stadium naming rights deal.
General view outside the stadium prior to the Premier League match between West Ham United and Everton FC at London Stadium on January 21, 2023 in …Photo by Julian Finney/Getty Images
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Everton and West Ham on high alert as £251m news from Saudi Arabia confirmed
Adam Williams
Adam Williams
Wed 9 October 2024 16:44, UK
The commercial departments of West Ham and Everton have taken note of a blockbuster deal sanctioned by a major Saudi Arabian company.
Everton are currently preoccupied with ticking the procedural boxes that will allow Dan Friedkin to finally take over the club, such as getting approval from the Premier League and financial conduct authority.
But once the American billionaire and AS Roma is in the Everton throne room, attention will turn once again to reducing the club’s debt, raising revenue, and ensuring a smooth transition to the new stadium.
Dan Friedkin Ryan Friedkin during the Pre-Season Friendly 2022/2023 match between AS Roma vs Shakhtar Donetsk at the Olimpic Stadium in Rome on …
Photo by Fabrizio Corradetti/LiveMedia/NurPhoto via Getty Images
At West Ham, rumours of takeover talks have reportedly been quashed by a senior source at the club, although David Gold’s daughter, Vanessa Gold, is looking to sell a chunk of her shares.
Unlike Everton, whose losses have been astronomical in recent years and left them at the mercy of the Premier League‘s PSR enforcers, West Ham have more or less broken even in the last two seasons.
But one thing the two clubs have in common is their target to raise commercial income, thereby increasing their freedom to manoeuvre in the transfer market in terms of both PSR and cash flow.
And the latest news from Saudi Arabia – via Spain – appears to be a positive omen on that front.
READ MORE: Chelsea owner Todd Boehly set for £31m payday, Everton takeover link is key
Riyadh Air deal now the benchmark for Everton and West Ham
Both West Ham and Everton are currently among the Premier League clubs seeking a stadium naming rights deal.
But it is a saturated market at present, with Tottenham also in the market for a naming rights deal, as well as potential future competition from Man United and Newcastle United.
Some analysts have suggested that hype about the naming rights sector has been overblown in light of Spurs’ failure to secure a £20m-a-year deal for their 62,850-seater stadium in North London.
But there have been several positive developments in recent weeks.
In September, England rugby sealed a £100m, 10-year naming rights for the Twickenham stadium despite the fact the ground has gone unbranded since it opened over a century ago.
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