Sports & Fitness

Everton not for sale, says majority owner Moshiri

Statement comes after reported RM2.7 billion takeover offer by a consortium 

Updated 4 years ago · Published on 15 Jul 2022 2:00PM

Everton not for sale, says majority owner Moshiri
Everton majority shareholder Farhad Moshiri has insisted the Premier League club is not for sale after talks with a consortium looking to take over at Goodison Park. – AFP pic, July 15, 2022

LONDON – Everton majority shareholder Farhad Moshiri has insisted the Premier League club is not for sale after talks with a consortium looking to take over at Goodison Park.

Former Manchester United chief executive Peter Kenyon was the frontman of a group that entered into exclusive negotiations to purchase Everton.

The consortium, bankrolled by real estate tycoon Maciek Kaminski and mining magnate John Thornton, had reportedly hoped to complete a £500 million (RM2.7 billion) deal for Everton.

But, in a message on Everton’s website yesterday, Moshiri said that any new investment would only be a minority stake.

“There has been much talk of investment in our football club recently - even takeovers - but I want to clarify that there is no ‘for sale’ sign currently hanging outside Everton Football Club,” Moshiri said.

“It will always be pragmatic to explore all potential investment opportunities and, as I have been transparent about, I am focused on completing the financing for our fantastic new stadium as well as strengthening the playing squad, and that might include a minority investment. That will continue.

“But I want to reassure all of you that Everton Football Club is not for sale.”

Everton have posted total losses of more than £370 million (RM2 billion) over the last three financial years following huge investment in the playing squad for little reward.

Moshiri has become the target of fierce criticism from Everton fans, with the club’s narrow escape from relegation last season failing to save him from further abuse.

But Moshiri has called on Everton’s disgruntled supporters to judge after boss Frank Lampard has completed his transfer dealings in the summer window.

“My commitment to the club remains strong and focused and (director of football) Kevin Thelwell and the chairman are currently working hard to bring in new players to improve Frank Lampard’s squad,” Moshiri said.

“There will be new signings and I would ask supporters to judge us at the end of the transfer window.” – AFP, July 15, 2022

Related News

Malaysia / 1mth

Putrajaya sounds out airlines on taking over AirAsia routes

Malaysia / 5mth

IJM Corp confirms Krishnan Tan cleared from MACC investigations

Business / 1y

SRS Consortium awarded contract for first segment of Penang's LRT project

Sports & Fitness / 3y

Everton appoint Sean Dyche as new manager

Sports & Fitness / 3y

Moshiri ‘not selling’ Everton despite fan fury

Sports & Fitness / 3y

Troubled Everton sack Lampard

Spotlight

Malaysia

Haze: MOH issues strict guidelines to ensure public health

Cocaine in shoes: Invited on vacation to Japan, only to end up as drug mules

Malaysia

PDRM awaits Philippine confirmation on alleged politician’s role in 521kg drug seizure

Malaysia

Elderly man dies after being beaten repeatedly

Malaysia

Preliminary report on helicopter crash in Long Lellang released; probe ongoing

Malaysia

‘Am I not the Tuanku?’ Tuanku Muhriz tells off Ismail Lasim (video)

By Alfian Z.M. Tahir

Malaysia

Donating to Najib: ‘One of the most foolish things I have seen’ – UM student

Malaysia

AKPS officer was seeking divorce before alleged killing, says brother

By Alfian Z.M. Tahir

You may be interested

Sports & Fitness

Malaysia’s F1 return hinges on cost, economic returns as Cabinet decision looms