A season of change and turmoil continues for Everton as owner Farhad Moshiri puts the club up for sale. Everton, one of the most dysfunctional clubs in the Premier League, are firmly in a relegation scrap. The club just sacked Frank Lampard, failed to appoint a new manager and lost out on Arnaut Danjuma.
Now, the owner that oversaw this collapse is ready to get his name out of the spotlight, according to The Guardian’s Will Unwin. Moshiri is aiming to recoup some of the money he personally invested into Everton’s new stadium project.
That stadium, currently under construction at Bramley-Moore Dock just two miles from Goodison Park, is set for completion ahead of the 2024/25 campaign. The estimated cost was around $625 million.
Interestingly, that is the figure that Moshiri wishes to achieve in this sale of Everton. There are reported suitors ready to pay over the $600 million that Moshiri wants. However, no official names are available. Deloitte is in charge of handling the sale of Everton.
Moshiri has been at the helm of Everton since 2016, when he purchased just under 50% of the club. He upped his ownership to 94% this time last year.
Everton sale puts more question marks over cloudy season
Although investors are ready to purchase the club, it does not solve the problems overnight. Everton poured over $800 million into transfers while Moshiri oversaw the club. In return, the club barely cracked $500 million in player sales. Much of that came from the sale of Richarlison this past season.
Over the last three seasons, Everton reported losses over $450 million. The Guardian noted that Moshiri’s financial injections are the only thing keeping the poorly run club afloat. It does not help to lose the commercial connections provided by Russian oligarch Alisher Usmanov following the invasion of Ukraine, either.
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