Tenth-richest man in world gets behind Everton bidders
Michael Dell is backing attempt by businessmen Andy Bell and George Downing, both lifelong fans, to buy Premier League club
Dell is the founder of Dell Technologies
JANA ASENBRENNEROVA/REUTERS
Paul Joyce
, Northern Football Correspondent |
Ian Whittell
Friday June 07 2024, 5.00pm, The Times
One of the richest families in the world is backing the bid by two lifelong Everton supporters to purchase the club from Farhad Moshiri.
Michael Saul Dell, the founder of Dell Technologies who is worth about £120billion, is using his “family office” to support a takeover offer by businessmen Andy Bell and George Downing.
Family offices are established by wealthy families to manage their finances and Dell’s MSD Partners is on board should Moshiri grant Bell and Downing a period of exclusivity to seal a deal.
The duo have already put £50million on their personal fortunes into Everton and were among the creditors who 777 Partners could not pay back before the expiry of a May 31 deadline which led to their own takeover collapsing.