The Lowdown: Talks
As per The Daily Telegraph, a group fronted by former Manchester United and Chelsea CEO Peter Kenyon are in the early stages of talks to buy the Goodison Park outfit from Farhad Moshiri.
He values the Merseyside club at over £500m, once their debt is taken into account, which is far more than the £300m it took for the Kingdom of Saudi Arabia (KSA) consortium to take over at Newcastle United back in October.
The Latest: McLeish reacts
Speaking to Football Insider, McLeish has now given his reaction after hearing the news, claiming that the Toffees are an ‘enormous’ club and £500m is an ‘amazing’ price to get:
“It’s interesting. Obviously there’s a big stadium shift, isn’t there, onto the Mersey.
“It’s a really amazing price when you think of the Newcastle takeover. They’re an enormous club.
“I don’t know the ins and outs of these situations. I’m sure whoever takes over is going to make sure they’re competing in the top half of the table.”
The Verdict: Sell up
Given the concerns held over the Blues’ recent financial losses, and the cost of building the new stadium at Bramley-Moore Dock, now would provide the optimum time for Moshiri to sell up.
They need a fresh start after being dragged into a relegation battle that they really should not be involved in, and the business side of the club has been disastrous under the 67 year-old.
Indeed, a lot of the failures have been down to poor recruitment in from Moshiri, who was responsible for funding big-money flops like Davy Klaassen and Cenk Tosun, among others.
Nonetheless, it is time for him to hand over the club to someone else to hopefully push to look forward rather than behind them.
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