Saudi royal-backed consortium release statement as deal agreed for Newcastle United's Premier League rivals

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Everton takeover: A consortium involving a member of the Saudi royal family have lost out of purchasing the Toffees.

A consortium of international investors involving a member of the Saudi royal family have issued a statement after falling short in their takeover bid of Everton.

Farhad Moshiri agreed to sell his 94% stake to 777 Partners in September. However, the period of exclusivity expired on May 31 and the troubled US investment group were unable to complete a deal or enter into alternative discussions.

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And it is understood Dan Freidkin, the owner of Serie A side Roma, has won the race for the Toffees.

A general view of Everton's Goodison Park. (Photo by Lewis Storey/Getty Images)A general view of Everton's Goodison Park. (Photo by Lewis Storey/Getty Images)
A general view of Everton's Goodison Park. (Photo by Lewis Storey/Getty Images) | Getty Images

There was interest from local businessmen Andy Bell and George Downing, MSP Sports capital and a consortium led by London-based Vatche Manoukian. Their offer was said to be funded by a member of the Saudi royal family and the Australian-based Myers family.

But Freidkin has been successful and is set to earn exclusivity rights to purchase Moshiri’s stake. And the Manoukian consortium have released a statement and believe Evertonians deserve to see their club battling for major honours again.

“Everton fans deserve to be competing for trophies once again and we hope this deal delivers success for the club on and off the pitch,” the statement said via BBC Sport. “I want to thank our world-class investors for their support and we are excited to turn our focus to new opportunities to take great clubs to the next level."

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There is already Saudi influence in English football. The country’s sovereign wealth fund became majority owners of Newcastle United in October 2021 in a takeover worth £305m. Meanwhile, Championship side Sheffield United are owned by Prince Abdullah bin Mosaad bin Abdulaziz Al Saud.

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