Farhad Moshiri has listed Everton for sale and is seeking bids of more than £500 million for the Premier League team.
Moshiri has been looking for outside investment in recent months, but he has now put Everton up for sale and would entertain a partial or majority sale. Several prospective purchasers have shown interest.
Moshiri hopes to get his money back from the new stadium he invested in at Bramley-Moore Dock. Deloitte has reportedly been assigned the task of handling the sale of the Premier League relegation-threatened team. When the Guardian contacted Deloitte, they made no reply.
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The British-Iranian billionaire’s attempt to sell can be seen on the same day that Everton suffered two setbacks: Marcelo Bielsa expressed uncertainty about taking over as manager in place of Frank Lampard, and Tottenham halted their pursuit of Arnaut Danjuma.
Moshiri and his fellow board members have been fiercely criticised by Everton fans over recent weeks, with widespread calls for the owner to sell after almost seven years and for the directors to go.
About £700m has been spent on more than 50 players in the Moshiri era, with just over £400m recouped in sales. The attempted sale comes at a perilous moment for Everton with the stadium under construction at a cost of at least £550m, the club’s last three available set of accounts showing combined losses of £372.6m and lucrative commercial ties cut with companies owned by the oligarch Alisher Usmanov after Russia’s invasion of Ukraine.
SOURCE: The guardian
