Everton ownership situation comes down to Man City appeal as Richard Keys reveals all

Everton's ownership under the Friedkin Group may boil down to what happens with Manchester City first.

TFG announced this Friday that they are actively seeking a full sale of the Toffees, despite only taking over the club in 2024.

The Houston-based company own 94 per cent of the Blues, though many Evertonians suggested that the American-led consortium were only at Hill Dickinson for the short term.

That looks as though it's true, despite Dan Friedkin and Co. initially looking around for minority investors to provide cash injections.

However, there is also drama elsewhere in the Premier League after Man City were found guilty of breaching 114 out of 115 charges based on Financial Fair Play rules.

Now, Everton's potential sale could hinge on what happens next with the Premier League and Man City.

Richard Keys reveals what sources have told him about Everton sale

Man City have allegedly created over £800million worth of "sham" contracts, and their impending punishment could theoretically damage the value of other Premier League clubs.

The club are appealing the guilty verdict, though it's not known when the outcome could be revealed or how severe it could be.

While speaking on his podcast, Keys & Gray Unleashed, Richard Keys revealed the reply he got to an enquiry he made about Everton's potential sale on Friday.

Keys relayed the message from his source, saying: "They've been trying to find minority partners; surprise, surprise, there are no takers.

"If City get settled satisfactorily at a level which means Premier League clubs are not value-damaged by extension, I believe, says my source, I would have an interested party that would have a very serious look.

"They get a fabulous stadium, which would cost £1.2billion today to build, a load of real estate around, a fair team and a reliable manager."

If Man City are punished hard for their legal breaches, it could have a knock-on effect for the rest of the Premier League.

Many pundits and other figures have come out and said how damaging the news can be for the whole Premier League as an establishment, which is supposed to be seen as the best division in the world.

There are several reasons why Everton's overall club value could be affected based on Man City's appeal outcome.

How could Man City outcome affect Everton sale?

There's every chance that whatever Man City's punishments are, if their appeal fails, Everton and other Premier League clubs will suffer.

If City's punishment includes sporting penalties, there's a strong argument that other Premier League clubs are affected by their conduct.

Everton have already been discussed in the wider context of the situation after being given an eight-point deduction in the 2023-24 season for overspending by £20m.

There are other reasons such as broadcasting and commercial income, which could take a hit depending on the outcome of Man City's appeal.

The overall face of the Premier League may be seriously damaged.

That said, Keys has already confirmed a source that knows a potentially seriously interested buyer, but only if Man City's punishment isn't too deadly for clubs like Everton.