Everton in talks to solve money woes with Indian backers
Published 22:29 30/10/11 By Alan Nixon
Everton supremo Bill Kenwright is in talks with the Jain Group – a wealthy Indian company – about becoming his club’s financial saviour.
The Mumbai-based conglomerate are huge in their own country, with energy and property businesses, and they now want to expand into England.
Jain have their sights on Everton as a possible project, pumping in cash for a new ground.
Leading officials from the company are looking into ways of buying Everton or lending them money, with Kenwright kept on in some capacity – and boss David Moyes given a boost in the process.
The Toffees have been on a tight budget for a few years and Kenwright is actively looking for a buyer or backer.