Everton £451m update emerges as Farhad Moshiri aims to finalise takeover
Everton are in debt of £451million to their shareholders as Farhad Moshiri looks to sell the club, according to the Times.
The news outlet reported via its website on 7 October that these were shareholder loans at the end of the 2022-23 season.
The amount Moshiri and the shareholders are owed by the club is over 25 per cent of what the other Premier League sides are owed to their respective owners combined.
Everton have nosedived under Farhad Moshiri’s ownership
Moshiri’s decision to sell the club, coupled with the staggering £451million in shareholder loans, highlights a period of financial mismanagement under his ownership.
This debt, significantly outweighing what other Premier League clubs owe their owners, reflects not just on Everton’s financial strategy but also on missed opportunities for investment in squad development or infrastructure that could have propelled the club’s competitiveness and market value.
Moshiri’s tenure, marked by high spending without success, has arguably stifled the club’s true potential by prioritising expensive and often underperforming transfers over sustainable growth or youth development.
The potential sale represents a fresh start, where new owners could potentially reorient the club towards financial stability and strategic investment, potentially unlocking the Toffees’ ability both on and off the pitch.
This shift could lead to better management of resources, fostering an environment where the Merseyside outfit might thrive, rather than merely survive, in the high-stakes world of Premier League football.
In other Everton news, an award-winning manager has expressed an interest in managing the Toffees, leaving Dan Friedkin with a huge decision to make.
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