Everton owner Farhad Moshiri facing astronomical loss even if he manages to sell ailing Toffees for £600m asking price
FARHAD MOSHIRI is in talks to sell Everton to American investment fund 777 Partners — but faces losing a huge £450million.
Majority owner Moshiri values the club at £600m yet SunSport understands he would only reclaim about £150m in the event of a sale.
PAFarhad Moshiri faces a huge loss even if he sells Everton[/caption]
The British-Iranian still needs at least £250m to meet the £505m cost of the Toffees’ new Bramley-Moore Dock stadium.
Everton are also believed to owe creditors £200m.
Businessman Moshiri has been seeking a way out of the crisis club since his business partner and Russian oligarch Alisher Usmanov was sanctioned 17 months ago over his links to Vladimir Putin.
Miami’s 777 Partners — valued at near £10billion — and managing partner Josh Wander would need to pass the Prem owners’ and directors’ test.
But the Government is understood to have serious concerns over the company’s involvement in several US court cases.
Wander also pleaded no contest for drug offences in 2003 while sister company Sutton Park has been accused of fraud and offering illegal loans.
The group has stakes in seven clubs, including Genoa, Hertha Berlin, Sevilla and Standard Liege.
They purchased basketball club the London Lions in 2021, before last year taking a 45 per cent stake in the British Basketball League.
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Moshiri is in talks to sell EvertonGetty Images – Getty
Belgians Liege missed out on European football last season. And after a miserable start this term fans staged protests inside the ground, with one banner reading: “No money, no ambition.”
Moshiri, who owns 94 per cent of Everton, has ploughed in more than £750m since taking over in 2016 — including loans of around £250m.
Until recently Moshiri, 68, hoped for a £150m influx of cash from MSP Sports Capital but baulked at the terms of the deal.
The Toffees suffered losses of £430m over the last four years, with the club now facing a Financial Fair Play probe and a potential points deduction.
After two successive narrow escapes from the drop, boss Sean Dyche is already mired in another battle for survival — sitting 18th in the Prem.
Failure to stay up would cost Everton £100m.
