Everton buyout explored by investors

Everton chairman Bill Kenwright is rumoured to be in negotiations with a wealthy Indian company to end the club’s financial woes.

The Merseyside outfit have had well documented financial problems, with manager David Moyes given no money to strengthen his squad over the summer, and being forced to sell Mikel Arteta to Arsenal for £10 million.

Kenwright has been open in his search for a financial backer, as the Goodison Park club risk being left behind by the fiscal strength of some of their Premier League rivals.

Mirror Football indicate that The Toffees are in talks with The Jain Group regarding a possible investment in the club.

The conglomerate are a huge player in their homeland, and have a raft of energy and property businesses; they are now looking to branch out and expand their investment portfolio.

The newspaper also indicate that the Asian company would be willing to bankroll plans for a new stadium, but for the moment the negotiations are in early stages.

Meanwhile, Mirror Football state that Everton are weighing up a move for former player Steven Pienaar come January.

The South Africa international left Goodison to join Tottenham less than a year ago, but has found first team opportunities hard to come by in a frustrating period at White Hart Lane.

Any potential investment would fund a move for Pienaar, who is currently a fringe player in North London.

By Gareth McKnight

 


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