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US investors ‘considering’ Everton takeover bids which would value Premier League club at £350m

A number of US investors are considering making attempts to buy Everton for around £350m, according to reports.

The club recently revealed they losses almost £121m during their latest financial year despite turnover reaching record heights.

However, Everton said they remain in a “secure financial position thanks to the continued unwavering support and commitment of Farhad Moshiri, the majority shareholder, and cost control measures continuously adopted by the club”.

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The Toffees were also forced to cut commercial ties with billionaire Alisher Usmanov following Russia’s invasion of Ukraine.

According to reports in the Daily Mail, three US parties have approached Mr Moshiri about investing in Everton.

Mr Moshiri currently owns 94% of the club having increased his stake earlier this year.

The majority owner is currently in the process of selling Liverpool’s iconic Royal Liver Building which is on the market for £90m.

Everton are also in the process of building their new stadium at Bramley Moore Dock and recently turned down a £30m loan from the city region after finding alternative sources of funding.

Source: www.business-live.co.uk

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