Consortium with Saudi royal makes £400m Everton bid

A consortium of world investors, which involves a personnel of nan Saudi royal family, has made a £400m connection to bargain Premier League nine Everton.

Farhad Moshiri agreed to waste his 94% liking to 777 Partners successful September, but nan finance patient could not complete nan deal, opening nan measurement for others to make a takeover bid.

Local businessmen Andy Bell and George Downing, arsenic good arsenic MSP Sports Capital - who person lent nan Toffees astir £158m - are besides successful nan moving for a play of exclusivity aft lodging bids.

London-based businessman and lawyer Vatche Manoukian is starring a bid alongside an unnamed Saudi royal and families pinch a high-net worthy from nan United States.

Manoukian and his consortium person projected an all-equity connection which would not return connected further indebtedness and would purpose to create a sustainable, semipermanent strategy.

They spot Everton arsenic a "sleeping giant" of English shot pinch imaginable to unafraid a spot "at nan apical of world shot again" done nan caller stadium being built connected Bramley-Moore Dock.

Manoukian, 45, is simply a partner astatine tech finance patient IMS Digital Ventures and is backed by Australia's Myer family.

Roma proprietor Dan Friedkin, Michael Dell of Dell Technologies and Kenneth King of finance patient A-Cap are understood to beryllium willing too.

Saudi Arabia's Public Investment Fund, which lists nan country's Crown Prince Mohammed bin Salman arsenic chair, completed a £305m takeover of Newcastle successful October 2021.