Everton administration view shared by Matt Slater after Farhad Moshiri decision
Everton may already have been in administration if Farhad Moshiri had not spent £400million on the club’s new stadium, according to Matt Slater.
The Toffees were last week docked 10 Premier League points, leading to fresh fears of being embroiled in a relegation dogfight.
Worse could still be to follow as a number of teams, Leeds United and Leicester City among them, could reportedly sue Everton for £300million.
That may force them into administration [The Mirror], but Slater says they would already have been in that position if not for the new stadium construction.
Writing for The Athletic [20 November], Slater said: “It is not too much of a stretch to suggest that if Moshiri had not already poured £400million of his fortune into the building site on the banks of the Mersey, Everton would be in administration now, because the two-thirds-built stadium is by far the most attractive part of any sales prospectus for the club.”
The state-of-the-art stadium on Bramley-Moore Dock really is a saving grace for Everton.
It is not hyperbolic to suggest that the ground will be the finest anywhere in Britain outside of London – a huge draw for whoever does eventually take over.
Still, it is hugely concerning that Everton and the word “administration” are even used in the same sentence.
If – and that is a strong use of the word – the Toffees do still enter administration, it would mean a further nine-point deduction, which would surely be too much to recover from.
While there are still plenty of questions regarding 777 Partners, a failure of the American investment fund getting a takeover over the line would raise yet more concerns regarding Everton’s future.
Let’s just hope that the Everton players run out at the new stadium for the first time in a Premier League fixture, rather than in the Championship.
In other Everton news, a journalist has given an “on trial for murder” warning after developments at Goodison Park.