Everton in investment talks

Sky Sports News understands Everton are in negotiations with several parties with regard to major investment.

Indian-based Jain reportedly one of several interested parties

Sky Sports News understands Everton are in negotiations with several parties with regard to major investment. The Toffees have struggled to compete financially with other clubs in the Premier League over the past few years and that has made it much harder for manager David Moyes to sustain a challenge for European qualification. A lack of spending in the transfer market has frustrated supporters but chairman Bill Kenwright has had little option but to tighten the purse strings in order to maintain some stability. Kenwright has always been willing to speak with potential investors and it is now believed that he is in contact with four or five interested groups. Indian-based property firm Jain are understood to be one of the parties in talks with Kenwright, as they look to expand their profile in the UK. Jain have a vast amount of wealth which could be put towards signing new players or moving ground, although it is unclear at this stage whether they are considering a complete buyout. There is also understood to be American interest in investing in Everton.