Everton could match the 'massive potential' of Newcastle United with the right takeover, Paddy Kenny has told Football Insider.
The lowdown
The Financial Times reported in late September that the Toffees' majority shareholder Farhad Moshiri is in talks with US-based investor Maciek Kaminski over a potential £400m sale of the club.
There are some challenges to overcome, like 'the financial market instability' in the UK and the funding for Everton's new stadium, but it seems that Moshiri is at least entertaining the idea.
This time last year, a Saudi-led consortium purchased Newcastle for £300m, while Todd Boehly fronted a £2.5bn takeover of Chelsea in the spring.
The latest
Speaking to Football Insider, Kenny urged Moshiri to sell up, move on and allow Everton to 'reboot', believing that the fans, would share that sentiment, with the prospect of new ownership likely to generate considerable excitement.
The former Premier League goalkeeper said of Moshiri: “I think he should sell if the offer comes in. It’s time for that club to reset and reboot and the best way to do that is with a takeover. It sounds like there is a buyer who is offering a good price.
“So it’s up to Moshiri. I know he isn’t popular and we know the club has lost a lot of money in the last few years. He might be keen to get rid of it.
“You would think he might be. It’s one to keep an eye on but there have been a lot of Premier League takeovers recently and they have gone pretty well for Newcastle and Chelsea.
“Everton have struggled so I’m sure the fans want Moshiri to sell and to give the club a fresh start. They want the massive potential like Newcastle have. That would be unbelievable for them.”
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The verdict
You would have to say that the Moshiri era at Everton has not been a success.
He took his ownership of the club above 50% in September 2018 when he purchased a further 18.7% of the shares (via The Guardian). The following season, they finished in the bottom half (12th) of the Premier League, and while they improved to 10th in 2020/21, last term saw a dramatic drop-off as the Toffees narrowly avoided relegation.
All of this has come despite an outlay of more than £280m across the past four summer transfer windows.
Everton don't necessarily need an owner who will invest, because they had that already. What they really need is an owner who will invest more sensibly, putting faith in the right recruitment personnel to take the club forward.