Farhad Moshiri’s aim to sell 25 per cent of Everton has collapsed after a United States investment firm walked away from a proposed deal in another blow for the finance-stricken club
Everton have suffered yet another financial blow after a United States investment firm walked away from a deal to buy a 25 per cent stake in the Toffees.
Sean Dyche’s side have made a poor start to the Premier League season, having suffered back-to-back defeats against Fulham and Aston Villa. They have failed to score a goal and currently sit 20th, with a bottom-of-the-table clash at home to Wolves to come on Saturday.
But, despite losing their opening two top-flight matches, affairs are looking even bleaker off the pitch at Goodison Park. According to the Daily Telegraph, Farhad Moshiri’s attempts to sell a potential 25 per cent stake in Everton has collapsed at the 11-hour in fresh misery for the finance-stricken Toffees.
MSP Sports Capital has walked away from an agreement after being told it would have to pay off an existing lender. As per the terms of a prior deal which was led by Everton, Rights and Media Funding Limited, they demanded “high tens of millions” before any money from MSP could even go into the club.