Everton Receives New £400m Takeover Bid
Everton FC has received a £400m bid from a consortium led by London-based businessman Vatche Manoukian, according to multiple reports.
The Armenian, who is a partner at technology investment firm IMS Digital Ventures, is leading a group that reportedly includes investors from the US, Saudia Arabia, and Australia.
The Merseyside club currently has three bidders following the recent collapse of the 777 Partners takeover, according to The Athletic.
On 31st May, the purchase agreement between Everton’s majority owner Farhad Moshiri and 777 Partners for his 94.1% stake in the club expired, causing the takeover to fall through.
Everton’s current offers include one led by UK businessmen and Everton fans Andy Bell and George Downing.
Meanwhile, New York-based private equity firm MSP Capital Sports has also launched a bid that includes Dan Friedkin and current Crystal Palace part-owner John Textor, who would have to relinquish his 45% stake in the Eagles before investing in Everton.
MSP Capital’s offer reportedly includes a £350m loan on the team’s new stadium, which would help offset some of the club’s debts.
Last month, Textor expressed his interest in buying the Toffees, while confirming to The Athletic that he had held prior discussions over investment in the club.
MSP Capital, Bell and Downing together gave Everton a £158m loan last year for the construction of the team’s new stadium at Bramley Moore Dock, which is set to open for the 2025/26 season, with the two parties since tabling separate bids.
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