BREAKING- Moshiri has done the UNTHINKABLE after turning down Saudi Arabia bid for Everton because…….

Everton Takeover Update: Moshiri ‘Turned Down’ Saudi Arabian Bid

Everton owner Farhad Moshiri reportedly rejected a big-money takeover bid from a Saudi Arabian consortium earlier this year, according to Daily Star journalist Paul Brown. This development comes amid uncertainty surrounding Moshiri’s future at the club.

Background

Moshiri acquired a 49.9% stake in Everton in February 2016 and has since increased his shareholding to 94.1%. However, his tenure has been marked by struggles on the pitch, with the Toffees only avoiding relegation to the Championship by four points last season.

Takeover Interest

Despite talks with a consortium led by Peter Kenyon, Maciek Kaminski, and John Thornton appearing to have broken down, interest in Everton remains from various suitors. Brown believes Moshiri rejected a bid from a Saudi Arabian group a few months ago, and other potential bidders are watching developments at the club keenly.

Analysis

Moshiri’s decision to reject the Saudi Arabian bid may indicate his desire to hold out for a higher offer or his commitment to the club. However, with Everton’s struggles on the pitch and financial challenges, a change in ownership may be necessary for the club’s progress.

The consortium led by Kenyon, Kaminski, and Thornton had reportedly secured a period of exclusivity to hold detailed talks, but Moshiri was only interested in selling for offers exceeding £500 million. Other potential bidders, including a trio of United States-based tycoons who offered £350 million, may still be interested in acquiring the club.

Conclusion

The situation at Everton remains uncertain, with Moshiri’s future and the club’s ownership structure hanging in the balance. While Moshiri may have rejected the Saudi Arabian bid, interest in the club remains, and a change in ownership may be necessary for Everton’s progress.

Additional Context

• Everton has a rich history in English football, winning nine league titles and the European Cup Winners’ Cup.
• The club has a dedicated fan base and a strong academy, producing talented young players like Jarrad Branthwaite.
• Moshiri’s tenure has been marked by struggles on the pitch, with 10 different men in charge of the club since his arrival.
• The Saudi Arabian consortium’s bid was reportedly in excess of £500 million, indicating the significant financial resources available to potential buyers.
• Other potential bidders, including United States-based tycoons, may still be interested in acquiring the club.

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