Everton set for new ownership

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Everton football set to have new ownership

Phil McNulty of BBC Sport reports that an American consortium led by investors with a tech background are in the process of taking over ownership of Everton Football Club for 200 million pounds and that the deal could be done by the end of February.

McNulty reports that the American consortium is headed by John Jay Moores, founder of BMC Software, and Charles Noell, co-founder of JMI Ventures along with Moores and that the two have been in talks with current Everton owner Bill Kenwright and major shareholders Robert Earl and Jon Woods in recent months.

McNulty also reports that two China-based groups are still in the running, but that the America group is well ahead and the favourites to take over the club.

This wouldn’t be the first time that the two Americans have looked into buying into the Premier League as McNulty points out that Swansea City was also a previous target for Moores and Noell.

At the moment, Everton sit 8th in the table with 35 points, but find themselves 6 points out of the Top 5 that would at least get them into European competition for next year.

The full story from Phil McNulty of BBC Sport is below:

http://www.bbc.com/sport/football/35529337

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