Everton takeover development emerges in new £50m Farhad Moshiri twist
Farhad Moshiri is perhaps looking for £50million as part of the settlement for the Everton takeover, according to Kieran Maguire.
The football finance expert told TBR on 15 October that he would likely write off the value of shares he has bought and the £450million in loans in a combined payment of up to £50million.
The Friedkin Group are on the verge of completing the takeover and need the green light from the Premier League.
Maguire said: “Farhad Moshiri’s loans to Everton are being classified as equity in the accounts.
“This has caused a few raised eyebrows among certain members of the accounting community.
“If you are going to treat them as equity, why not just reclassify them as shares and be done with it?
“However, as far as the Friedkin deal is concerned, my understanding is that Moshiri is looking for something up to £50million for his part of the settlement.
“Effectively, he will be writing off the value of the shares he has bought and the £450million of loans in a combined payment of up to £50milliom.
“I presume he will be happy with this. The ultimate source of his funding has always attracted a lot of discussion.
“His non-appearance at Goodison and lack of communication at recent times shows he has already checked out mentally. He is probably ready to check out financially.
“It has been a very bruising experience for him because of his naivety and his lack of understanding of the nuances of the industry.”
Everton fans cannot wait to see the back of Farhad Moshiri
The sooner Moshiri is out, the better it will be for the club, fans and everyone involved.
It’s not that the British-Iranian businessman did not invest in the Toffees, but it’s where the money was spent and all the wrong appointments behind the scenes.
Moshiri’s initial ambition to transform the club into a football powerhouse included significant investments, but these have often been criticised for lacking strategy.
His decisions on managerial appointments, squad investments and overall club strategy have led to inconsistent results on the pitch, financial turmoil and a lack of clear direction, exacerbating fan frustration.
Additionally, his communication with the fanbase has been minimal, further alienating supporters who feel disconnected from the club’s vision under his stewardship.
This culmination of strategic missteps and poor fan engagement has solidified a strong negative sentiment among Evertonians towards Moshiri and the sooner they see the back of him, the better it will be.
In other Everton news, an exclusive update has emerged as the Toffees have made a new behind-the-scenes appointment on a rolling contract.
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