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

Emirates Airlines Signs Deal to Accept Cryptocurrency for Payments

July 9, 2025

UAE Golden Visa Holders: Cristiano Ronaldo, Bollywood Icons, and Global Celebrities Among Recipients

July 8, 2025

Dubai Luxury Property Sales Hit Record $2.6 Billion in Q2 2025

July 8, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram Vimeo
Dubai.News: Stay Updated With The Latest UAE & Global News
Subscribe Login
  • 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
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

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

July 8, 2025

Team Abu Dhabi Begins 2025 UIM F2 World Championship in Italy

June 27, 2025

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

May 29, 2025

VUZ Raises $12M to Expand Immersive Video Platform Across UAE, Saudi Arabia, and Global Markets

May 19, 2025
Demo
Just In

Emirates Airlines Signs Deal to Accept Cryptocurrency for Payments

July 9, 2025

UAE Golden Visa Holders: Cristiano Ronaldo, Bollywood Icons, and Global Celebrities Among Recipients

July 8, 2025

Dubai Luxury Property Sales Hit Record $2.6 Billion in Q2 2025

July 8, 2025

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

July 8, 2025
  • Twitter
  • Instagram
Don't Miss
Transport

Emirates Airlines Signs Deal to Accept Cryptocurrency for Payments

Emirates, Dubai-based airline, has entered into a preliminary deal with Crypto.com to launch the payment…

Print Friendly, PDF & Email

UAE Golden Visa Holders: Cristiano Ronaldo, Bollywood Icons, and Global Celebrities Among Recipients

July 8, 2025

Dubai Luxury Property Sales Hit Record $2.6 Billion in Q2 2025

July 8, 2025

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

July 8, 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. It is a sister concern of Fame by Sheeraz.

Email Us: sheeraz@fame.me

Facebook X (Twitter) Instagram

Subscribe to Updates

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

Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
A Fame By Sheeraz Media Company.

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

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?