Reports | Farhad Moshiri holds talks with consortium over potential Everton takeover bid

When Farhad Moshiri became Everton’s majority shareholder in 2016, the then 61-year-old promised Toffees’ fans the world and more. However, despite pumping in more than half a billion pounds since then, Everton have struggled to do anything. The club have instead sacked more than a dozen managers, brought in twice that number of players and barely survived the 2021/22 season. It has seen many fans wondering what lies ahead for the club, especially after a relegation battle.

However, Sky Sports has now reported that the Goodison Park side could be sold as majority shareholder Farhad Moshiri has held meetings with a consortium over a takeover bid. The report has indicated that Moshiri has been looking at investors but could be convinced to part with the team for a reported £500 million valuation. That includes the club’s debt as well and the report revealed that former Manchester United chief executive Peter Kenyon is a part of the consortium.

But with Everton spending well above their earnings over the last half-decade, questions have been asked as to whether the club has breached financial fair play and thus needs to be docked points. That is reportedly a dealbreaker for the consortium and they are thus waiting to see what the Premier League and English FA decide before making a decision themselves. Furthermore, the Telegraph has reported that talks are still at an early stage although both parties are confident that they can get a deal across the line.