The gravy train for Premier League football clubs in search of overseas owners is beginning to slow down following the losses made when Tom Hicks and George Gillett at Liverpool were unable to finance debt. Local rivals Everton are now in search of funds that they need to compete at the highest levels but have to be realistic when valuing the club.
Chief executive Robert Elstone has denied that the Everton board is pricing itself out of reach to potential buyers.
Elstone confirmed there are "genuine conversations" taking place with several groups, companies and individuals regarding an offer for the company, but said that talks remain at an early stage. The club has been linked with several reportedly interested parties, including Indian construction company Jain.
"What I know to be absolutely the case is the first question asked by us in these discussions is never ‘how much?' but always ‘what are your thoughts, intentions or plans for Everton's future?'.
"I'm tired of saying it but the club is absolutely for sale and has not, and will not, fail to be sold because it's too expensive or comes with onerous conditions.
"We sincerely hope the right buyer, with the right motives, with a commitment to take Everton forward is part of this current dialogue."
Manager David Moyes has worked miracles for the club and while the club runs a tight ship the economics are such that to compete in the Premier League suibstantial funding is required. Lets wish them the best of luck.