FARHAD MOSHIRI will consider selling Everton with his dreams of a revolution in Goodison Park at risk of turning into futile bonfires.
Recently, Anglo-Iranian was approached by a group of interested contractors.
He didn’t turn down their interest but the team quickly left after discovering that it would cost too much to restructure the Toffees.
For Everton that was in danger of turning into a financial disaster and Moshiri now knows that if he decides to leave, finding a buyer for the club will be a huge problem.
Everton are currently valued at around £350m, meaning that even if new owners arrive he will have to pay £100m-PLUS.
Moshiri has invested more than £450m trying to build an empire after first buying a 49.9% stake in the club six years ago next month. His stake is now close to 90%.
He also oversaw spending of more than £600m on transfers but most of that money was used on substandard purchases.
Add to that the wasted fortunes in the hands of managers. Moshiri has just sacked Rafa Benitez for the fifth time, and the cost of him plus Roberto Martinez, Ronald Koeman, Sam Allardyce and Marco Silva now amounts to £50m.
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The controversial appointment of former Liverpool manager Benitez coincided with the club hitting a financial wall.
Over the past three years, Everton have lost a total of £265m. Premier League profitability and sustainability rules allow a red figure of £105m in any such period.
However, the Toffees, seemingly blind to the risk of breaching Financial Fair Play regulations, paid up to 85% of their insane earnings on the salaries of their players and managers.
Moshiri has also spent £50m on preparations for the proposed new £500m stadium at Bramley-Moore Dock. However, he still needs to raise more than £350 million in private investment to complete the new 52,888-seat home.
The ongoing worry for Everton fans is that one of the only ways the club is financially fit is to sell strikers Dominic Calvert-Lewin and Richarlison, who are likely to rise to as much as 100 million. table between them.
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https://www.thesun.ie/sport/football/8222380/everton-farhad-moshiri-premier-league-sale/ Everton owner Farhad Moshiri is considering selling the club and getting £100m in the Goodison Park crisis