🚨EXCLUSIVE : Vatche Manoukian-led Consortium Submits £400m Offer to Acquire Everton FC

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Vatche Manoukian, an Armenian businessman, has emerged as the leading contender to purchase Everton Football Club, submitting a substantial offer of £400 million, according to sources close to the negotiations.

Manoukian’s consortium, which includes a member of the Saudi royal family, is one of five parties vying for ownership of the Premier League club.

Current owner Farhad Moshiri is seeking to sell his 94.1% stake in Everton after a previous deal with 777 Partners fell through last September. The club’s financial struggles have prompted Moshiri to explore new ownership options, with Manoukian’s bid currently at the forefront.

Other interested parties include local businessmen Andy Bell and George Downing, MSP Sports Capital, Roma owner Dan Friedkin, Michael Dell of Dell Technologies, and A-Cap’s Kenneth King. However, complications surrounding John Textor’s 45% stake in Crystal Palace have ruled him out of the running.

While Manoukian’s offer is the most significant, MSP Sports Capital has also submitted a new bid, reportedly a complex mix of equity and debt, with the aim of taking full control of the club.

The fate of Everton’s ownership is expected to be decided within the next few months, following an exclusivity period and the Premier League’s owners’ and directors’ test.

Despite concerns over the club’s financial situation, finance expert Stefan Borson believes Everton can survive on Premier League money until the end of July.

As the bidding process unfolds, the future of the Merseyside giants hangs in the balance, with Manoukian’s consortium currently in the driver’s seat.

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