According to The Esk, Farhad Moshiri has been blamed for the dire situation Everton currently faces. However, the financial expert believes that Moshiri has the potential to be the solution to the club’s problems. The first option is for Moshiri to accept that 777 Partners will not be allowed to purchase his shares, removing them from the equation. Another option is to convert his remaining shareholder loans into equity, improving the balance sheet and showing further commitment to Everton. The Esk also suggests that Moshiri could commit to funding the club for a number of months while a new purchaser goes through the Premier League’s test, allowing the club to make it to the end of the season and continue as a “going concern.”
The longer the situation regarding the proposed takeover from 777 Partners goes on, the less likely the deal seems to happen. There are doubts surrounding the group, leading to uncertainty from the Premier League on whether it is the right fit for Everton.
While it may not be financially beneficial for Moshiri to take these suggestions on board, The Esk believes it is up to him to save the club after years of mismanagement. The financial situation is worsening by the day, and action must be taken before it’s too late at Goodison Park.
