Everton: Farhad Moshiri was left without £200m paperwork to sign as PSR blunder emerges
Everton cited the collapse of a £200million naming rights deal for their new stadium as a mitigating factor behind their profit and sustainability breach, according to the Liverpool Echo.
The newspaper reported on its website on Thursday (7 December) that the Toffees claimed the break down in the deal left a financial black hole in their accounts, but the appeal board stated that majority shareholder Farhad Moshiri did not sign any paperwork for the agreement.
The Echo has now been told by senior club staff at Goodison Park that no documents had been prepared and were waiting for the Blues chief to sign.
Everton mismanagament unacceptable from Farhad Moshiri
It’s pretty clear that Everton have been completely mismanaged over the past few years as their charges for breaching the Premier League’s spending rules have shown.
They claimed during their appeal process that the collapse of the £200million naming rights deal was a mitigating factor as to why there was a gap in their accounts.
But now the club have said no documents had ever been prepared for Moshiri to sign for that agreement, suggesting that the deal wasn’t actually that far down the line.
It’s just another incidence during the Toffees owner’s time at Goodison where matters haven’t been dealt with appropriately and it’s landed the club in trouble.
While the overall feeling amongst the Blues fans is that they want him out as soon as possible, that might not happen for a while yet as the proposed takeover with 777 Partners continues to rumble on.
In other Everton news, 777 Partners has received verbal confirmation from the Premier League as a takeover twist has now emerged.
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