Saudi Arabia shocked the football world in October 2021 by becoming the owner of Newcastle. Since then, the Asian country has not stopped investing in foreign clubs and strengthening its championship with one final goal: hosting the World Cup in 2034.
But the Premier’s power of attraction is so strong that, according to the BBC, a consortium of international investors, in which a member of the Saudi royal family participates, presented an offer of 400 million pounds sterling (474 million euros) to buy Everton, with the sale process proving endless.
The failed deal with 777 Partners
In September, the British businessman of Iranian origin Farhad Moshiri, owner of the club since 2016, has agreed to divest his stake, 94%, to 777 Partners, but the American investment firm could not complete the operation, thus opening the way to other interested parties.
Among them are local businessmen Andy Bell and George Downing, so is the American fund MSP Sports Capital and the American too Dan Friedkinalready owners of Rome.
“a sleeping giant”
The businessman and lawyer in London Vatche Manoukian, 45, is leading this bid along with an unnamed Saudi royal and high-net-worth family from the United States.
Manouki and his consortium sees Everton as a “sleeping giant” of English football with the potential to secure a place “back at the top of world football” thanks to the new stadium built at Bramley-Moore Dock.
If the offer is accepted, Everton will join Newcastle as the second Premier club with Saudi capital. In October 2021, a Saudi sovereign fund, PIF (Public Investment Fund), with the country’s crown prince as its president, Mohammed bin Salman, he bought Newcastle for 300 million pounds (354 million euros).
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
