premier-league

Everton put up for sale by Farhad Moshiri with asking price in excess of £500m

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Everton have been put up for sale by Farhad Moshiri, who is looking for offers in excess of £500m for the Premier League club.

In recent months, Moshiri has sought outside investment, but he has finally put Everton on the market and would consider a minority or majority sale. A number of potential buyers have expressed interest.

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Moshiri wants to recoup the money he has invested in the new stadium being built at Bramley-Moore Dock. It is understood that Deloitte has been instructed to handle the sale of the club, which is in the Premier League’s relegation zone. Deloitte offered no comment when contacted by the Guardian.

The British-Iranian billionaire’s bid to sell can be revealed on a day Everton suffered a double setback, with Marcelo Bielsa expressing doubts about replacing Frank Lampard as manager and Tottenham hijacking their choice for Arnaut Danjuma.

Moshiri and his fellow board members have been heavily criticized by Everton fans in recent weeks, with widespread calls for the owner to sell after almost seven years and for the directors to go.

Around £700m has been spent on more than 50 players in the Moshiri era, with just over £400m made back in sales. The sale attempt comes at a perilous time for Everton with the stadium under construction at a cost of at least £550m, the club’s last three available accounts showing combined losses of £372.6m and lucrative commercial links severed with companies owned by club oligarch Alisher Usmanov after Russia’s invasion of Ukraine.

Moshiri has funded the construction costs of the stadium so far, but has sought the additional investment required to complete the project.

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