Everton FC linked with Chinese takeover

The Sunday Times claimed yesterday that an unnamed Chinese consortium has been linked with a takeover for Everton FC should a potential deal with US investors fall through.

Earlier in December there were reports that a consortium comprising John J. Moores, Charles Noell and their partners had been granted a period of exclusivity to examine Everton's finances by current co-owner Bill Kenwright ahead of a £200m deal.

But the Sunday Times claimed on January 31st that an unnamed Chinese group is ready to step in should an agreement not be reached. The consortium are described as "very serious bidders".

The potential tie-up comes less than two months after the parent company of fellow Premier League side Manchester City agreed a takeover deal with Chinese investors.

The investors in City Football Group are led by media, entertainment, sports and internet-dedicated investment and operating company China Media Capital (CMC ). 

The club said that the deal, for a 13% stake, would create an unprecedented platform for the growth of CFG clubs and companies in China and internationally, borne out of CFG's ability to provide a wealth of industry expertise and resources to the rapidly developing Chinese football industry.

Source: insider media

Proofread by John Devlin