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Everton In Talks With Chinese Consortium As Club Seeks Help Financing New Stadium

Everton is in "advanced talks with a wealthy Chinese consortium" for a multi-million-pound investment which will enhance the team's "ambitions to break into the Premier League elite" and help it "pay for the planned new stadium in the Bramley Moore dock area of the city," according to John Richardson of the London DAILY MIRROR. Everton majority shareholder Farhad Moshiri, "the major force in the Goodison Park boardroom," is determined that a £300M ($385M) move to a new stadium will not "derail the assault on the riches laden top four." As a former Arsenal shareholder, Moshiri "knows how the move from Highbury to a specially built Emirates restricted" Arsenal Manager Arsène Wenger’s spending in the transfer market. It is why Moshiri "has been leading moves to invite a prominent partner to help pay for the planned new stadium." That would leave Moshiri "free to continue his financial backing of the club which includes providing funds for the big signings to take Everton to the next level" (DAILY MIRROR, 4/22).

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