New investor makes ‘concrete’ offer to buy Everton, £1bn in cash shown – report

Everton Takeover Update: UK-Based Investor Makes Fresh OfferIn a significant development, a UK-based investor, Vici Private Finance, has made a concrete offer to acquire Everton Football Club. According to Paul Joyce of The Times, Vici is backed by two wealthy billionaires and has provided proof of funds totaling £1 billion in cash.

Notably, they do not intend to borrow any money to purchase Farhad Moshiri’s 94% shares.Vici’s bid is advised by Keith Harris, a former Everton board member and deputy chairman in 2016. This development comes after Moshiri terminated the deal with 777 Partners, and Everton has since received numerous offers from various investors.The Vici bid appears promising, and their commitment to providing short-term funding to stabilize the club’s finances is a significant advantage.

Unlike some other contenders, Vici has no connection to Saudi families and no controversial background. As a newly established UK multi-family office of investment funds, they seem genuinely interested in acquiring Everton.Other interested parties include US financial firm A-Cap, Andy Bell and George Downing (backed by the Dell family), and London-based Armenian Vatche Manoukian, who has tabled a £400 million bid.

While Moshiri has multiple options, the Vici bid stands out due to their commitment to helping the club in the short term.Everton fans should be excited about the potential takeover, as it could bring much-needed investment and stability to the club. With the transfer window opening soon, the Toffees need financial support to make significant signings and improve their squad.In conclusion, the Vici bid offers a promising solution for Everton’s future, and their commitment to short-term funding sets them apart from other contenders.

As the takeover saga unfolds, Everton fans can hope for a positive outcome that will benefit the club and its loyal supporters.