🚨GOOD NEWS : Everton Takeover Takes New Turn as Saudi-Backed Consortium Enters Race with £400m Bid

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A significant development has emerged in the takeover saga of Everton Football Club, as a member of Saudi Arabia’s royal family has joined a consortium of international investors to acquire the club. According to the BBC, the consortium has submitted a £400million bid to purchase the Toffees, with current owner Farhad Moshiri set to grant exclusivity to one of the interested parties in the coming days.

The consortium, which includes Andy Bell and George Downing, backed by the Dell family, is vying for control of the club. However, the entry of a Saudi royal family member into the fray adds a new dimension to the takeover bid. Italian sports publication La Gazzetta Dello Sport had previously reported that a wealthy Saudi family was interested in acquiring Everton, but it has now been revealed that the interested party is, in fact, a member of the royal family.

The potential takeover raises concerns about the implications of Middle Eastern ownership, similar to those faced by Newcastle United. The Premier League’s owners’ and directors’ test will scrutinize the source of funds and the suitability of the investors, potentially delaying the completion of the deal. Furthermore, questions about the motivations behind the takeover bid may arise, with some speculating that it could be a form of sportswashing.

The takeover process may be prolonged due to the scrutiny, impacting the club’s stability and future planning. Concerns about human rights issues and the political implications of Saudi involvement could lead to public opposition and increased media attention, similar to the situation Newcastle faced. As a result, the takeover of Everton may become a complex and contentious issue, with the club’s future hanging in the balance.

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