Everton will be hit with ‘devastating’ financial blow worse than relegation amid new Farhad Moshiri move at Goodison
Everton are in a trouble.
Everywhere you look right now, you can see a club in crisis with massive issues both on the pitch and off it.
Frank Lampard, who replaced ex-Liverpool manager Rafa Benitez in January, is struggling to get the Blues away from the Premier League’s relegation zone with his 17th-placed side currently level on points with Watford in 18th.
Big-name and big-money players are letting the fans down week after week and relegation for the first time since the 1950s isn’t even the biggest issue facing the Toffees right now.
Alisher Usmanov has been sanctioned due to the Russian invasion of Ukraine and the billionaire oligarch is a business partner of Everton’s majority shareholder Farhad Moshiri.
As a result, the Merseyside club has had to suspend sponsorship deals and is now seeking new financing in order to complete the construction of their new stadium at Bramley-Moore Dock [Financial Times].
In January, before Russia invaded Ukraine and Usmanov was sanctioned, The Telegraph reported on the mess at Goodison Park around the time Benitez was being sacked and the ramifications if Moshiri was to be hounded out of the club by angry Evertonians.
The Telegraph’s words were: “If Moshiri was offended enough to go, the financial consequences would be more devastating than relegation.”
Well, it seems like Moshiri is now ready to go and relegation is also very much on the cards.
The Sunday People reported via their print edition on 13 March [back page and page 55] that Moshiri is now ready to sell Everton Football Club.
It is understood that unless the Iranian businessman can find new investors, he’ll put the club up for sale and look to sell his shares.
We’re perhaps putting two and two together here but it looks as though Everton could very much be struck by those “devastating” consequences.
In his time at Goodison Park, Moshiri has spent £500million on assembling a squad that’s fit for a Premier League relegation battle, gone through endless managers, overseen protracted and woeful manager searches and also started the construction of a new stadium away from Stanley Park.
Everton are moving. But the only way they’re moving right now is down into the Championship and into a financial sinkhole.
Evertonians have directed their anger at the wrong people for long enough. The man who’s responsible, ultimately, for this mess is Moshiri.
He’s made a mess so bad that even he leaving would only make things worse.
In other Everton news, Richard Keys wants the Blues to build a squad around this up-and-coming youngster.
Be sure to follow Goodison News on Facebook for 24/7 updates on Everton plus more exclusive interviews with Kevin Campbell.