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Moyes to stay but no Toffees takeover yet

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Mihir Bose | 16:10 UK time, Thursday, 18 September 2008

All this talk of Indian businessman being interested in buying Everton seems very wide of the mark.

Speculation suggested that a member of the Ambani family, possibly Anils's son, would be at the club's Uefa Cup match against Standard Liege on Thursday, but my Everton sources tell me that is just not the case. Bill Kenwright, the Everton chairman, did receive a call from someone claiming to be an intermediary but nothing came of it.

Everton need a buyer but the man who could buy the Toffees out of his petty cash would be British billionaire .

However, Green, for all his love for the game and Tottenham in particular, not to mention his closeness to Kenwright, has never seen himself as a football investor.

The good news for Everton fans is that manager David Moyes may soon be putting pen to paper on a new contract that will take him to 2013. The with some speculation that Moyes may leave amid much talk of Everton needing to show ambition. This is football speak for buying players - fans always interpret any talk of ambition in that way. However, as football insiders will tell you, such talk is really a call for the board to increase the wages of the staff it already employs.

I am told Everton has sufficient ambition to tempt Moyes to stay on. The 45-year-old Scot, who is paid around £1.5m a year, will get around £3.5m a year under the terms of his new contract, a rise of more than 100% although short of the £4.5m he was believed to have been aiming for. Not a bad pay increase in these hard times from a club that needs investment, although, such has been his impact on the blue half of Stanley Park, Everton fans will feel Moyes deserves every penny.

And the must still be in the running for a Wayne Rooney-style move to Old Trafford when Sir Alex Ferguson, the great man of Manchester United, finally calls it a day.

It is hoped Moyes will put pen to paper before the first Merseyside rivals derby of the season at Goodison Park on 27 September.

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