Sport nationEverton Football Club has received a third bid for a takeover, according to reports from The Athletic and The Independent. The latest bid comes from a consortium backed by a Saudi royal and an Australian billionaire family, who are willing to pay £400m for the club.
This development comes after two previous bids were made for the club, one from two Liverpool-based businessmen, Andy Bell and George Downing, and another from a new US group led by MSP Sports Capital. The bid from the Saudi-backed consortium is the highest offer made so far and is seen as a serious contender to take over the club.
The consortium, led by Vatche Manoukian, a London-based businessman and lawyer, and an Everton fan, has submitted an all-equity bid, which means that they will not be leveraging extra debt onto the club. Instead, they plan to provide operational cash and set up a sustainable long-term strategy to take the club back to its traditional position at the top of the game.
Manoukian’s group views Everton as “perhaps the last sleeping giant available on the market” and hopes to take the club back to its former glory. The bid has been well received by Farhad Moshiri, the current owner of the club, and Manoukian is confident in its prospects.
The takeover saga at Everton has been ongoing for several months, with many fans expressing their frustration and concern over the club’s future. The collapse of the deal with 777 Partners at the end of May was seen as a positive development by many, as the American firm’s record at other clubs is mixed.
The new bid from the Saudi-backed consortium has brought a sense of optimism to the club, with many fans hoping that this could be the start of a new era for Everton. The consortium’s commitment to providing operational cash and setting up a sustainable long-term strategy is seen as a positive sign, and many believe that this could be the best option for the club’s future.
In other news, Everton is reportedly lining up a deal for a new player, with Sean Dyche demanding a replacement for Amadou Onana. The club is also said to be in talks with several other players, as they look to strengthen their squad for the upcoming season.
Overall, the takeover saga at Everton continues to unfold, with many twists and turns along the way. However, with the latest bid from the Saudi-backed consortium, there is hope that the club’s future could be looking brighter. Only time will tell if this bid will be successful, but one thing is certain – the fans of Everton are eagerly waiting to see what the future holds for their beloved club.
Amina Umar
Sport nation
