http://www.telegraph.co.uk/sport/fo...-takeover-talks-with-American-consortium.html
Everton optimistic of attracting investment following takeover talks with American consortium
The club are waiting to see if talks will lead to an acceptable offer from the investors, who are led by former owner of the San Diego Padres baseball team
Caution is accompanying the sense of positivity at Goodison Park Photo: GETTY IMAGES
By
Chris Bascombe
7:15PM GMT 23 Dec 2015
Everton have never been more optimistic of attracting investment as they wait to see if takeover talks with an American consortium will lead to an acceptable offer.
The investors led by the former owner of the San Diego Padres baseball team, John Jay Moores, are considering whether to progress with a formal bid for the Merseyside club having been granted access to Everton’s finances.
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Caution is accompanying the sense of positivity at Goodison Park, however, with Everton officials refusing to make any public comment on what is being emphasised privately as ‘an ongoing process’ in the long-standing pursuit of financial assistance.
Everton have spoken to several interested parties this season, with the level of interest in the club intensifying during the course of the last few months. However, negotiations must advance significantly before the club can justifiably be described as on the brink of a takeover.
Bill Kenwright has studied numerous takeovers across the Premier League
The Merseysiders do believe overseas parties are recognising the potential of the club, which is one of the most secure in the Premier League and is currently packed with some of the most coveted young players in Europe led by an aspirational manager.
Everton have suggested the interest in them has never been stronger, although supporters are understandably wary rather than enthusiastic as they await further developments. The club has been hopeful of investment on numerous occasions in the last ten years only for acceptable bids failing to materialise.
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While interested parties conduct due diligence on Everton, owner Bill Kenwright is sure to carry his own stringent due diligence on any prospective buyer. It has long been established the current owner – for all the criticism he has received for failing to sell his shares – is steadfast in his determination to ensure he deals only with those who will share and protect the ethos of his club.
Everton manager Roberto Martinez has been backed by the board
Kenwright and the Everton board have studied numerous takeovers across the Premier League and know how the lure of immediate, additional funds can lead to emotional but seriously detrimental decisions.
Everton pride themselves on how they have backed their managers with long-term strategies – both David Moores and Roberto Martinez experiencing an independence on the football side of operations which is the envy of their Premier League – and Kenwright will want such a legacy to remain intact.
Moores and his colleague Charles Noell were previously interested in Swansea City before turning their attention to Everton.
If they proceed with a deal, their immediate priority would be to resolve Everton’s stadium problem as well as formulate a fresh financial strategy to enable the club to consistently compete for a Champions League place.