Everton are in advanced talks with a wealthy Chinese consortium for a multi million pound investment which will enhance their ambitions to break into the Premier League elite.
Majority shareholder and the major force in the Goodison Park boardroom, Farhad Moshiri is determined that a £300million move to a new stadium won’t derail the assault on the riches laden top four.
As a former Arsenal shareholder the British Iranian billionaire knows how the move from Highbury to a specially built Emirates restricted Gunners boss Arsene Wenger’s spending in the transfer market and is one of the reasons why the club hasn’t won the title in 13 years.
It’s why he has been leading moves to invite a prominent partner to help pay for the planned new stadium in the Bramley Moore dock area of the city.
That would leave Moshiri free to continue his financial backing of the club which includes providing funds for the big signings to take Everton to the next level.
The promise of a substantial transfer war chest is vital to keep the ambitious Goodison boss Ronald Koeman on Merseyside.
Koeman is resigned to losing star striker Romelu Lukaku who has a gentleman’s agreement allowing him to leave this summer if Everton haven’t qualified for next season’s Champions League. There are also doubts over England midfielder Ross Barkley’s future.
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Aerial footage of Bramley Moore Dock
But Koeman wants to use the incoming transfer cash together with much more from Moshiri to compete at the top end of the market.
He is favourite to snap up the much coveted Burnley central defender Michael Keane and also fancies £50 million rated Southampton stopper Virgil Van Dijk. He will be in for Swansea’s in demand midfielder Gylfi Sigurdsson and Tottenham full back Kevin Trippier and knows big money will be needed to replace Lukaku.
It’s why Moshiri together with chairman Bill Kenwright is moving in on a lucrative partnership with a football mad Chinese consortium who will almost certainly be awarded the naming rights for the new stadium.