Investor Consortium Makes £400m Bid for Everton Club

A consortium led by the London-based businessman Vatche Manoukian has reportedly entered the running to buy Everton after the collapse of 777 Partners’ proposed takeover. Manoukian, a partner at the tech investment firm IMS Digital Ventures, has made a £400m bid to buy the club alongside investors from the US and the Gulf. Interest in Everton from multiple parties comes after the period of exclusivity between the club’s owner, Farhad Moshiri, and 777 Partners, a US investment group, expired on 1 June. Others to have emerged as prospective owners include the Everton supporters Andy Bell and George Downing, who previously lent the club £158m in partnership with MSP Sports Capital. John Textor has publicly declared a desire to sell his 45% stake in Crystal Palace to open up the possibility of investing in Everton, while the Roma’s American owner, Dan Friedkin, has also been linked with buying the club.777 Partners’ attempt to take control of Everton was beset by problems after it agreed a deal with Moshiri last September, with the firm struggling to meet the Premier League’s conditions to complete a takeover. Sean Dyche, the Everton manager, expressed concerns last month about what transfer business the club would be able to conduct this summer without new owners, and given the potential risk of entering administration. If the [777] takeover doesn’t ­happen, or a takeover, then it will probably be juggling dust, not sand, he said. If­ ­someone leaves, how do you get the next one in who is as good as the one leaving?