The Royal Liver Building is up for sale for only the second time in its 111-year history but Everton's tenancy in the building is not expected to be affected.
The iconic landmark is a focal point of Liverpool's waterfront and has been extensively refurbished since it was last on the market back in 2017.
At that time, it was purchased to great fanfare by Everton's majority shareholder, Farhad Moshiri, in partnership with German property investment group, Corestate, for £48M.
Corestate has invested millions in the Royal Liver Building to attract several major Liverpool-based companies as tenants, which now include Princes Foods, HSBC, Mott MacDonald, Grant Thornton and of course the headquarters of Everton FC.
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Those tenancy agreements are set to continue unaffected by the sale, which is expected to see a substantial increase in value to £90M when global real estate mammoth CBRE completes the sale on behalf of their clients.
Reader Comments (76)
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1 Posted 15/03/2022 at 08:29:13
2 Posted 15/03/2022 at 08:32:33
3 Posted 15/03/2022 at 08:33:19
4 Posted 15/03/2022 at 08:41:01
5 Posted 15/03/2022 at 08:41:55
But as relegation and worse threatens, one thing is for certain.... Kenwright will remain to steer us through the gloom. He is indestructable!
6 Posted 15/03/2022 at 08:45:36
7 Posted 15/03/2022 at 08:46:43
8 Posted 15/03/2022 at 08:50:13
9 Posted 15/03/2022 at 08:55:37
10 Posted 15/03/2022 at 08:57:52
We have become a laughing stock under his ownership.
11 Posted 15/03/2022 at 09:00:33
But everything depends on staying up. Need to turn off the noise and make that the goal this year.
12 Posted 15/03/2022 at 09:07:20
13 Posted 15/03/2022 at 09:24:44
14 Posted 15/03/2022 at 09:46:14
I heard a rumour some time back that he would accept a substantial offer for Everton Football Club, and that was before all this Russian atrocity in Ukraine started!
Makes you wonder what will happen with the new stadium at Bramley-Moore Dock also???
15 Posted 15/03/2022 at 09:47:26
You are right – Finch Farm was hived off before the Russian's errand boy took over. I wonder when we shall hear that the new stadium can only be built if a similar buyer can be found? But will that project be halted if relegation becomes a reality?
16 Posted 15/03/2022 at 09:47:33
The Raine Group have reportedly received bids of £2B which unfortunately makes your suggested £800M for Everton overpriced.
I don't think there's anyway Moshiri can get back close to his initial outlay until the new stadium is built.
17 Posted 15/03/2022 at 10:44:53
18 Posted 15/03/2022 at 10:48:20
19 Posted 15/03/2022 at 11:06:03
20 Posted 15/03/2022 at 11:37:49
There is absolutely no known truth in your statement that "Further proof that Moshiri was only the frontman for the Russian gangster. He never had any real interest in the club." – Just ridiculous conjecture on your part.
21 Posted 15/03/2022 at 12:33:46
22 Posted 15/03/2022 at 12:37:56
23 Posted 15/03/2022 at 12:40:09
25 Posted 15/03/2022 at 12:53:05
27 Posted 15/03/2022 at 13:05:38
Honestly, the people within the club must have been living in cloud-cuckoo land for the last few years, don't they do a monthly running total to show how things are trending or do they just wait until the accounts are due and start running around trying to find receipts, invoices and credit notes, what a bunch of cretins they really are.
The only caveat being that if Usmanov was going to pump money into the club last year and that was stopped by the Premier League, then there wouldn't have been much time or an opportunity to replace that possible investment.
28 Posted 15/03/2022 at 13:15:56
29 Posted 15/03/2022 at 13:16:51
And surely Kenwright can't carry on for much longer? Haven't we suffered enough?
30 Posted 15/03/2022 at 13:18:46
31 Posted 15/03/2022 at 13:28:47
32 Posted 15/03/2022 at 13:30:16
The end is nigh brigade is huge. Worry about it in the summer, worry about points for now.
33 Posted 15/03/2022 at 13:33:31
100% we need to concentrate on here and now and get the points.
34 Posted 15/03/2022 at 13:34:07
I thought it might be of interest to fellow ToffeeWebbers, but obviously I was wrong. I happen to think that Simon Jordan and company are a bunch of beauts.
35 Posted 15/03/2022 at 13:38:18
I know you are both fantical blues but could you please give me a copy of "How to be the perfect Evertonian" – mine must have got lost in the post.
36 Posted 15/03/2022 at 13:42:29
You only sell if you need the money.
We have to stay up. If we stay up we can reset. If we go down, we're not coming back up for the foreseeable future as our finances are a mess now.
37 Posted 15/03/2022 at 13:48:39
38 Posted 15/03/2022 at 13:53:12
39 Posted 15/03/2022 at 14:00:17
Receipts, invoices and credit notes are kept with the fax paper, except for those lost down the back of Bill's sofa.
41 Posted 15/03/2022 at 14:10:23
42 Posted 15/03/2022 at 14:20:39
So, if we were relegated, I don't think the EFL could dock us points or fine us as they are a separate entity from the EPL. So we'd be safe unless we get promoted again.
But even then, the points deductions have been used for clubs in administration or in Derby's case, teams that basically committed fraud by lying about their financials. So I don't think -- based on precedent -- that points deductions are a worry based on FFP.
Now, points deductions based on going into administration if Moshiri loses his wallet is another matter.
43 Posted 15/03/2022 at 14:31:44
Jamie, that's not necessarily so. Often people buy low and sell high. And then repeat.
44 Posted 15/03/2022 at 14:35:27
Moshiri was only a partial owner so the other party would have had to agree to any sale. But financially, it looks like a savvy deal if they make a massive profit on it as opposed to a closing down sale type panic move.
46 Posted 15/03/2022 at 14:49:31
If Moshiri cut his losses and sold Everton for around £500 million, the overall cost of the club, would be closer to £1.2 Billion, once the ground has been completed, so hopefully its a “once Everton have touched you” otherwise I can only see very dark days, whatever division we are in.
There is a lot of money in our city now though, its one of the reasons the Tories, are going through the councils misdemeanors with a fine tooth comb imo, and I think the Liver buildings, is a good example of the profits that good investment can bring?
47 Posted 15/03/2022 at 15:10:30
48 Posted 15/03/2022 at 15:12:17
A close friend of mine is very close to Keith Harris and he told me a few years ago that Harris had said Everton was the most dysfunctial board he had ever worked with and also confirmed that Kenwright's role as chairman was part of the sale agreement.
The world's greatest Evertonian has always had his self interest well before Everton's.
49 Posted 15/03/2022 at 15:15:24
We have a very difficult few weeks ahead in which we need to start winning football matches but Calvert-Lewin's speeding fine and Moshiri's property deals are not indicative of a club going down the pan.
50 Posted 15/03/2022 at 15:16:32
Corestate is looking to clear a 50% profit in five years. Put in 60, get back 90. Seems like a terrific incentive to me.
And to the folks here who think it's a sign of the wheels coming off, or desperation, or crumbling, or whatever... I would point out that this is only half Moshiri's decision. And Corestate has no connection whatever to Everton.
51 Posted 15/03/2022 at 15:26:45
As a British citizen, Moshiri is not subject to sanctions.
And there is no indication of "potential dirt" or that anyone is trying to dig any up.
52 Posted 15/03/2022 at 15:51:22
I do think some of these are getting the benefit of the doubt on whether they might have "heard" something could happen but I'm way out on a limb there and would not try to convince anyone else with what I've got on that.
53 Posted 15/03/2022 at 15:51:35
They're doing so now with their Liver Building investment.
54 Posted 15/03/2022 at 16:59:25
55 Posted 15/03/2022 at 17:09:17
When I sign a contract as a professional player for Everton, I'll take your advice on board, being a mere fan, I'll opine about whatever I feel is relevant to me about the fortunes of Everton Football Club. I concentrate on the football for the entire span of each and every game, apologies for being snarky but I thought it an appropriate response to your original reply to my post about Jordan and White.
56 Posted 15/03/2022 at 17:23:19
57 Posted 15/03/2022 at 17:42:33
58 Posted 15/03/2022 at 17:54:41
Steve Gibson has hit back at Chelsea's request beautifully, stating that, “Chelsea and sporting integrity don't belong in the same sentence.”
Made me smile, which currently doesn't happen often with the plight of our own Blues.
59 Posted 15/03/2022 at 18:10:07
"...for only the second time in its 111-year history."
Ain't no history no more. It's not "sustainable". They'll be flogging us fans next. Hell, we're already listed as governmental assets anyway, so why not.
60 Posted 15/03/2022 at 18:20:22
I saw that and think he nailed the response. Funnily enough, the Chelsea supporters have come out in opposition to it.
61 Posted 15/03/2022 at 18:34:10
The bloke's been a fucking Jonah since day one and let's not forget the prick that brought him to Goodison in the first place.
Bunch of clueless bastards... fuck 'em all!
62 Posted 15/03/2022 at 18:41:09
Steve Gibson. Now thereis a proper chairman.
63 Posted 15/03/2022 at 18:50:14
Would Bill have let his guard down and shown his complete ineptitude, if he'd known the interview was getting taped, or would he have given a totally different interview and brought his acting skills into play?
Evertonians only have themselves to blame for their continued acceptance of William Kenwright, the man who gave us some great times, even helping Everton punch above their weight.
64 Posted 15/03/2022 at 18:52:44
65 Posted 15/03/2022 at 18:54:40
66 Posted 15/03/2022 at 19:08:24
The club now has the excellent Chris Wilder at the helm, and on the evidence of their excellent FA cup showing in the last round, it is no wonder Chelsea are quaking in their boots. The focus at the Riverside is rightly on their very well-motivated team, unlike Everton.
67 Posted 15/03/2022 at 19:43:58
Be fair, Steve Gibson has been on Easy Street compared with Kenwright. When Bill joined our board, we were the FA Cup holders. Big deal.
In contrast, Steve walked into an ideal situation with a Division Three team in administration who'd been locked out of their own stadium. Gibson has only embarked on one stadium rebuild albeit a successful one. Bill has embarked on three stadium builds, albeit thus far none finished.
Cynics will say "well Gibson saw Boro win the first trophy in their history and get to a European final." Why would Bill do that? Everton had plenty of success before he came along so it would be churlish to do stuff we've done before.
Moreover, Gibson has seen his club spend a mere few hundred million in 30 years; Bill has signed off on more than that in a single summer, so clearly he is better.
68 Posted 15/03/2022 at 19:51:42
69 Posted 15/03/2022 at 20:01:51
Like that memorable night under the lights vs Fiorentina... when we lost. Good times indeed.
70 Posted 15/03/2022 at 20:12:57
Chelsea can do what Arsenal did when they had fans painted on some cardboard when they were doing up one end of the old ground, behind the goal.
Stick a few cardboard cut-outs of their fans in Lower Bullens, that should do the trick.
Never heard any fuss when the North was playing behind closed doors from the start of the Panademic, while Southerners went about their daily buisness, screw then.
71 Posted 15/03/2022 at 20:17:38
Talking of which, I wonder if the cardboard cutout of Osama Bin Laden who popped up at Elland Road has switched his allegiance to Newcastle?
72 Posted 15/03/2022 at 21:25:05
How about Moshiri and the fellow German investors saw an opportunity to buy, refurbish and sell an iconic building back in 2017 when they took it on?
Work now complete, big name tenants in place, time to capitalise the investment. They are making a £35M profit, so why not sell? Everton aren't leaving, nothing has changed in that respect.
It's just a bit of business, the sort that goes on all the time. Seeing it as anything else like some of the near hysterical posts on here is unfounded.
73 Posted 16/03/2022 at 06:56:27
75 Posted 16/03/2022 at 08:59:06
76 Posted 16/03/2022 at 15:57:08
77 Posted 16/03/2022 at 16:14:25
I wish he had asked us what he should do. I'd have been happy to give him some advice in exchange for some of his investing nous.
BTW, the Guardian reports the latest suitors for Chelsea are the Ricketts family, owners of my own beloved Chicago Cubs. I hope they get beaten out and start looking around for another footy club in Cubbie Blue. I bet Moshiri would listen to an offer.
78 Posted 17/03/2022 at 04:08:56
I'd have thought Finch Farm or Goodison would be more suitable and in the long run, cheaper. Or is it so that the playing and coaching staff don't know when Board meetings aren't taking place at Bill's in London?
79 Posted 17/03/2022 at 19:37:52
Have to ask one of the locals if they know where the different teams were housed before moving everyone to the Liver Building.
Regarding the sale of the building, no mention if Moshiri's stake is part of this sale or just Corestate's. Wonder if he'd sell up his piece, just as its value is about to increase so much after just 5 years.
80 Posted 20/03/2022 at 05:25:17
Or, we've needed the larger offices because those same departments themselves were found to require help in the community.
81 Posted 28/03/2022 at 22:35:20
The remaining 15.1% is owned by a group of unnamed international investors, with the full ownership structure fully disclosed to qualified prospective purchasers.
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