Moshiri documents ready as he write off £450m to sell Everton as allies share takeover agreed
Farhad Moshiri is willing to write off £450million to sell Everton for up to £80m, according to the Daily Mail.
The newspaper reported on 6 September (pages 80 & 81) that the British-Iranian businessman wants between £40m and £80m for his shares.
This would see him write off £450m due to the club’s huge levels of debt, with allies describing him as “straight and open” with the Toffees having a “number of top legal advisors”.
The Toffees owner has been doing his utmost to sell the club but has seriously struggled despite entering periods of exclusivity with two prospective buyers.
A deal with Dan Friedkin fell through due to debt owed to 777 Partners through A-Cap, with the latter now being accused of fraud.
This makes any dealings increasingly complicated for any potential new owner given that Everton could be viewed as a beneficiary in a legal case against the American firm.
John Textor appears to still be in the running but would have to part ways with his Crystal Palace shares before any move can be completed [The Guardian].
All the uncertainty surrounding the ownership at Goodison is growing increasingly frustrating for supporters who want a solution and quick.
It appears that Moshiri is looking to make a deal easier by wiping his debts but the underlying problems are putting buyers off which is a huge issue.
In other Everton news, Dan Meis has responded to brutal criticism over the new stadium after images were shared.
Everton have entered into a partnership with Red Bull. But the Blues are NOT becoming part of their global football groups or having any red on their kits.
Instead, Everton have confirmed a deal that will see the world’s biggest energy drink company, Red Bull, replace Lucozade as the club’s new ‘Official Energy Drink Partner’.
No figures have been disclosed but as part of the multi-year agreement, which will not only cover the club’s historic final season at Goodison Park but the move to their new 52,888 capacity stadium, Red Bull will benefit from the opportunity to promote their brand globally across the club’s physical and online channels in what the ECHO understands is a record-breaking deal of its kind in terms of finances for the Blues.
Red Bull owns clubs in its native Austria (Red Bull Salzburg); Germany (RB Leipzig); the USA (New York Red Bulls) and Brazil (Red Bull Bragantino and Red Bull Brasil) as well as having an unspecified minority shareholder stake in Championship side Leeds United after becoming the Yorkshire club’s shirt sponsors this season.
