Armenian businessman Vatche Manoukian is considering buying Everton, The Independent reports.

Vatche Manoukian has reportedly made a £400 million offer to current owner Farhad Moshiri.

The Manoukian bid was well received, and he is confident in its prospects, though Moshiri has received other expressions of interest.

It is noted that Manoukian is ready to move quickly if his offer is accepted and would ideally like a deal to be concluded in the next couple of months.

His proposal would not involve leveraging extra debt on Everton and putting its future at further risk; it would entail providing operational cash and setting up a sustainable long-term strategy.