Everton owner Farhad Moshiri has held talks with a US-based consortium that could lead to a takeover of the club.
While negotiations are believed to be at an early stage, the Iranian-born billionaire’s option to relinquish his control at Goodison Park now appears to be on the table.
The PA news agency understands that initial conversations between Moshiri and a consortium led by former Manchester United and Chelsea chief executive Peter Kenyon were about investment opportunities for the new £500m ground. currently under construction at Bramley-Moore Dock.
However, during these discussions it became clear that there was potential for a bigger deal and that’s when the subject changed to a full sale.
The interested consortium would include Maciek Kaminski, the chief executive of Minneapolis-based Talon Real Estate, and American businessman and executive chairman of Barrick Gold Corporation, John Thornton.
But it appears a number of other parties are monitoring developments and would be interested in the club should it become available to buy.
Just last week, Moshiri penned an open letter to supporters in which he said he was “committed to securing the future success of the club by delivering a fully funded stadium which will reinforce our status as a leading club”.
He signed his message to fans with the words: “Your incredible support is never taken for granted and together we move forward.”
However, with the significant cost of a new stadium – which in 2019 Moshiri pledged to fill any funding gaps – and the club trying to put their finances in order after losses of more than £370million over the past three years, the owner’s position looks more flexible.
Moshiri has spent over half a billion pounds on players since buying the club for £220million in February 2016 and it is reported he wants over £500million to give up his control of the club. club.
The club’s huge and sustained losses could have put Everton in the firing line under profit and sustainability rules, but the club remain confident, due to the prolonged impact of Covid-19, they will avoid any sanction and are working with the Premier League since the end of last year to put things in order.
This will be something that any potential new owner will want to have clarified and concluded before proceeding with any purchase.