Bill Kenwright

RUMOURS suggesting Everton FC are on the verge of a takeover from Indian investors Jain Group are wide of the mark, the Daily Post understands.

Speculation has gathered pace in recent weeks that Mumbai construction firm Jain Group were ready to pump millions of pounds into the Goodison Park outfit but there is no deal in place.

It is believed Jain Group have visited Merseyside as they look to invest money in the area and have also held talks with chairman Bill Kenwright in London.

Also involved in energy and property ventures in their homeland, the Indian firm have shown interest in Everton after learning of their desire for a new stadium and fresh investment in order to keep pace with the top clubs in the Premier League.

However, Jain Group are just one of several parties Everton have held discussions with and it is understood Kenwright has not seen anything in the Indian talks to convince him their meeting will lead to a concrete offer of investment at this time.

Secondary reports said Jain Group were also looking into the possibility of loaning Everton money and allowing the current chairman to remain in control, as well as exploring the idea of completing a full takeover.