Everton failures exposed as £678m Farhad Moshiri figure emerges
Everton have really struggled both on and off the pitch in recent times, with fans desperate for fortunes to be turned around next season.
Many Toffees supporters place the blame for those struggles on owner Farhad Moshiri, who acquired the Merseyside club back in February 2016.
His initial 49.9 per cent stake has since grown to 94 per cent, but that shareholding will decrease upon the impending investment from MSP Sports Capital.
For now, however, the Toffees are heavily reliant on the British-Iranian businessman, with figures from football finance expert Swiss Ramble (24 July) revealing just how much the club have been dependent on their owner.
In terms of owner funding for Premier League clubs over the past decade, Moshiri sits very top of the list, with the Toffees receiving £678m in owner financing (owner loans plus share capital less dividends).
The huge total is £101m – or 17.5 per cent – higher than Chelsea, who sit second on the list. Following the Blues are the likes of Manchester City (£515m), Aston Villa (£492m), Brighton & Hove Albion (£356m), Leicester City (£340m) and Arsenal (£211m).
Manchester City’s success over the last decade needs no introduction, with the likes of Leicester and Arsenal winning trophies during that period, compared to Everton’s real lack of silverware and indeed basic success on the pitch.
A large chunk of the Everton figure has been made for the new stadium build at Bramley-Moore Dock, with Moshiri desperate for the new facility to bring in some much-needed funds for the club when it is finally opened.
In other Everton news, there has been a contract twist as a £35million price has now been set for a striker the Toffees want to sign.