Farhad Moshiri, the 67-year-old British-Iranian owner, has made the decision to put Everton up for sale, following his previous efforts to secure outside investment. He has set a threshold price of over £500m for the Premier League club.
He intends to recover the funds he has put into the construction of the club’s new stadium in Liverpool’s dock area.
Several potential buyers have shown interest, and there were links to takeover bids at the beginning of the season.
Everton’s performance has been disappointing, languishing in 19th place after accumulating only 15 points from 20 games in the current season. This poor form led to the sacking of manager Frank Lampard.
The fans have been vocal in calling for the resignation of the board due to insufficient investment and a series of unsuccessful recruitment strategies in the transfer market.
The club is currently in crisis mode, grappling with the threat of relegation and the absence of a new manager. Ralph Hasenhuttl and Marcelo Bielsa are among the candidates being considered for the role.
Deloitte, an American financial firm, has been assigned the task of managing the club’s sale, with offers expected to come in for the struggling Premier League team. Moshiri initially acquired a 49.9% stake in Everton for £200m back in 2016.
