An investment firm based in Miami, which had agreed to purchase Farhad Moshiri’s 94.1% stake in Everton last September, has left the future of the deal uncertain. This has caused concern about the financial status of the club, as the firm has reportedly loaned Everton a sum of just under £200m intended for the construction of their new stadium at Bramley Moore Dock.
However, when contacted for comment, the firm’s chief executive of financial advisory declined to offer any information. Additionally, neither the investment firm nor Everton responded to requests for comment on the situation.
The situation has left passengers stranded at airports, as the investment firm’s related airline, Bonza, had its entire fleet repossessed by creditors. This has raised doubts about the financial stability of the firm and its impact on Everton’s future.
The uncertainty surrounding the ownership deal and the financial support for the stadium construction has raised questions about the need for stricter ownership laws in the Premier League. This comes at a time when Everton has already faced record-breaking points deductions for breaching spending laws, and additional funds will likely be required to improve the squad.
However, the current limbo of ownership has the potential to constrain spending and impact the club’s future prospects.
