Farhad Moshiri, Everton owner has reportedly put the Merseyside club up for sale with an asking of 500 million pounds.
Moshiri, the British-Iranian businessman is the largest owner of the Merseyside club, having increased his shares to 95 per cent last year.
Moshiri is reportedly open to either a full or partial takeover of the club after months of looking for outside funding for Everton, It coincides with their big-budget initiative to leave their longtime Goodison Park home and construct a new stadium at Bramley-Moore Dock.
The Toffees fired Lampard after a series of losses that left them at the bottom of the Premier League standings with just 15 points from 19 games. This is when he purportedly decided to sell the club.
And it appears Moshiri is eager to follow Lampard out of the Everton exit door as supporters chant for his removal.
The Toffees fired manager Frank Lampard on Monday as a result of a terrible run of results that left them in danger of being relegated for a second year in a row year.
According to The Guardian, Moshiri plans to sell Everton Football Club for £500,000 to end his seven-year ownership of the club.
The Everton supporters have staged several protests due to the lack of direction on the field and the much worse lack of direction in the boardroom.
Because of safety concerns, the board was told not to attend the loss to Southampton when things became so tense.
However, this underlying tension in the terraces has been for years and didn’t suddenly appear in recent months.
Regardless of how competent a businessman he may be, Moshiri’s administration has been marked by a string of unwise choices.
From the £550 million spent on a slew of mediocre hires through the hiring of managers like Ronald Koeman, Carlo Ancelotti, Rafa Benitez, and the newly dismissed Frank Lampard.
Although Moshiri’s ownership group spent almost £700 million on players, they had little success on the field.
Amadou Onana ($31.5 million), Alex Iwobi ($28 million), Yerry Min ($27 million), Michael Keane ($25 million), and Moise Kean ($24 million) are a few of their high-profile signings.
And there’s a brand-new stadium being built for about £700 million, so it’s not hard to understand why tensions are rising on the blue side of Merseyside.
However, shortly after the news broke, Moshiri reportedly claimed that the club is not for sale, adding that he is committed to the Merseyside outfit.
On Saturday, February 4th, 2023, the Toffees will be back in action when Premier League leaders Arsenal visit.