Close Menu
  • World
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Jay-Z Meets Abu Dhabi Officials to Discuss AI and the Future of Entertainment

October 15, 2025

Dubai to Issue Business Licences in Just 17 Seconds with AI-Powered ‘Invest in Dubai’ Platform

October 15, 2025

UAE Expands Golden Visa Benefits with Unprecedented Consular Services for Residents Abroad

October 15, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram Vimeo
Dubai.News: Stay Updated With The Latest UAE & Global News
  • World
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports
Dubai.News: Stay Updated With The Latest UAE & Global News
  • Home
  • UAE
  • Middle East
  • World
  • Entertainment
Home - Sports - Saudi Royal Backs $510 Million Bid to Acquire Everton FC: Reports
Sports

Saudi Royal Backs $510 Million Bid to Acquire Everton FC: Reports

Saudi royal joins consortium to buy English Premier League side Everton, according to BBC reports
Web DeskBy Web DeskJune 12, 20242 Mins Read
Share Facebook Twitter WhatsApp Email LinkedIn Telegram

There are credible reports that an unnamed Saudi royal is bidding for the Premier League club Everton through a consortium that has tabled an offer of $510m (BBC sports). The club has encountered multiple off-pitch problems and an extended saga over the ownership takeover, following the acquisition of the 94 percent stake by the British-Iranian businessman Farhad Moshiri for the agreement for the sale to American investors 777 Partners in September last year. Nevertheless, the number remains undisclosed, and the acquisition is still with 777 Partners while other competitors can also tap interest.

Introduction of a New Consortium for ‘Fashion Now’ under the Leadership of Vatche Manoukian

This BBC report suggests that the new consortium will be headed by a London based businessman, Vatche Manoukian. While ordinary people are not directly involved as shareholders of the consortium, one member is from the Saudi royal family, and other members are super-rich families of the United States of America. They have a long-term business plan for the club in place, which entails the signing of fresh talent and the developmental of a new footballing arena in Liverpool.

Everton’s Legacy and Aspirations

Another Merseyside football club, Everton, which is rivals with Liverpool FC – one of the most successful English football clubs, is widely known as the ‘giant sleeper’ of English premiership. Everton has only secured nine FA Cup championships which was the last one in 1995 and nine champions league which was the last in 1987. This suggests that the investment plan designed by the consortium seek to lift the club from the current poor performing status to a previous world-class performing status.

Source and photo: BBC

Print Friendly, PDF & Email

Related news:

Saudi Culture Ministry Launches Camel Studies Grant England Thrash West Indies by Eight Wickets in T20 World Cup as Phil Salt Hits 30 Runs in an Over UAE Sends 14 Athletes to Compete in Paris 2024 Olympic Games Saudi Arabia Aims to Lead Global Gas Market by 2030
Everton
Share. Facebook Twitter WhatsApp Email Copy Link
Previous ArticleAI Retreat to Become Annual Fixture in Dubai
Next Article Dubai International Airport Braces for 3.7 Million Passengers During Summer Travel Surge
Web Desk

Related Posts

Mubadala Abu Dhabi Open 2026 Set to Serve Up World-Class Tennis Action at Zayed Sports City

October 13, 2025
Read More

Emirates Launches A350 Flights to Dammam, Marking Saudi Debut for New Aircraft

July 8, 2025
Read More

Team Abu Dhabi Begins 2025 UIM F2 World Championship in Italy

June 27, 2025
Read More

Saudi Arabia Launches $10 Billion AI Fund to Lead Middle East Tech Race

May 29, 2025
Read More
Demo
Just In

Jay-Z Meets Abu Dhabi Officials to Discuss AI and the Future of Entertainment

October 15, 2025

Dubai to Issue Business Licences in Just 17 Seconds with AI-Powered ‘Invest in Dubai’ Platform

October 15, 2025

UAE Expands Golden Visa Benefits with Unprecedented Consular Services for Residents Abroad

October 15, 2025

“Vechornytsi” Brings Ukrainian Music and Culture to Life at Dubai’s Theatre of Digital Art

October 14, 2025
  • Twitter
  • Instagram
Don't Miss
Artificial intelligence

Jay-Z Meets Abu Dhabi Officials to Discuss AI and the Future of Entertainment

Global music mogul and business leader Shawn “Jay-Z” Carter, Chairman of Roc Nation, recently met…

Print Friendly, PDF & Email
Read More

Dubai to Issue Business Licences in Just 17 Seconds with AI-Powered ‘Invest in Dubai’ Platform

October 15, 2025

UAE Expands Golden Visa Benefits with Unprecedented Consular Services for Residents Abroad

October 15, 2025

“Vechornytsi” Brings Ukrainian Music and Culture to Life at Dubai’s Theatre of Digital Art

October 14, 2025

Subscribe to Updates

Get the latest updates from Dubai News.

About Us
About Us

Dubai News (formerly Fame News) is a leading news platform founded by Sheeraz Hasan, covering UAE and international news, entertainment, and technology. Powered in partnership with Kiara Jewellery, Dubai News continues to bring stories that connect culture, business, and innovation.

Facebook X (Twitter) Instagram

Join our newsletter

Get the latest news from Duabai News about UAE and international news, entertainment, and technology.

  • World
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports
A Fame By Sheeraz INC. Media Company. 8367 West Sunset Blvd, West Hollywood, CA 90069

Type above and press Enter to search. Press Esc to cancel.