Lakshmi Mittal in a bid for Everton

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Everton opened itself up further to sale speculation contingent on government approval of its new 50,000 seat stadium. There appears to be plenty of bickering in Everton’s top brass over the future of the club but it appears that they will be open to a takeover. In consideration for a takeover, Indian steel magnate, Lakshmi Mittal, the 4th richest person in the world and a 20% shareholder of QPR. Mittal has also been linked with takeovers of Wigan and Birmingham City. Mittal lives in a palatial home in the exclusive Kensington area of London.
Here is Forbes profile of Mittal. He is the chief shareholder of ArcelorMittal, the largest steelmaker in the world. His personal worth of $51b overshadows that of Chelsea’s owner, Roman Abramovich by a considerable margin. His company just supplied 580 tonnes for the construction of the World Trade Center memorial in New York Cityl. One thing is for sure, Everton will not have to worry about paying for the steel used to build its new stadium if he becomes the owner. Everton will also have no difficulties affording Kaka or Leo Messi if they become available.
The only thing holding back Mittal is probably QPR’s avowed goal of reaching the Premiership in a couple of years and then challenging for a Champions spot. This could potentially create a conflict of interest in terms of player transfers. If QPR were to reach the Premiership, as per FA rules, Mittal would have to give up the ownership of one of the clubs.

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