Farhad Moshiri plays down takeover speculation, insists Everton not for sale

Everton owner Farhad Moshiri has insisted that the club is not for sale, putting an end to the speculations of a takeover.

It was reported that Moshiri had been in talks with a US-based consortium, led by former Chelsea executive Peter Kenyon, regarding the potential sale of the club.

However, Moshiri, through an email to Toffees fans, has played down the takeover possibility, stating that he is only looking for additional investment to fund the proposed new stadium at Bramley Moore dock as well as to help Frank Lampard with new signings this summer.

Moshiri’s message read (h/t the Guardian): “There has been much talk of investment in our football club recently – even takeovers – but I want to clarify that there is no ‘for sale’ sign currently hanging outside Everton Football Club.

“It will always be pragmatic to explore all potential investment opportunities and, as I have been transparent about, I am actively focused on completing the financing for our fantastic new stadium as well as strengthening the playing squad and that might include a search for minority investment. That will continue. But I want to reassure all of you that Everton Football Club is not for sale.

“My commitment to the club remains strong and focused and [director of football] Kevin Thelwell and the chairman [Bill Kenwright] are currently working hard to bring in new players to improve Frank Lampard’s squad. There will be new signings and I would ask supporters to judge us at the end of the transfer window – not now.”

Moshiri’s reign has been heavily criticised following the Toffees’ decline in recent years, with a reported financial loss of £372m in the last three years adding to the woes.

Lampard’s side, who escaped relegation by a whisker last season, are yet to make a big impact in the transfer window, with their only transfer so far being James Tarkowski. They have also let go of Richarlison on a £60m deal to fellow Premier League club Tottenham Hotspur.

The Toffees have also identified Wolverhampton Wanderers midfielder Morgan Gibbs-White and Chelsea striker Armando Broja as potential targets.