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Everton put up for sale by Farhad Moshiri with asking price of over £500m | Everton

Everton have been put up for sale by Farhad Moshiri, who is seeking offers in excess of £500 million for the Premier League club.

Moshiri has been seeking outside investment in recent months, but he has finally put Everton on the market and is considering a minority or majority sale. A number of potential buyers have expressed interest.

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Moshiri is keen to get back the money he invested in the new stadium being built at Bramley-Moore Dock. It is clear that Deloitte has been tasked with handling the sale of the club, which is in the Premier League’s relegation zone. Deloitte did not comment when approached by The Guardian.

The British-Iranian billionaire’s bid to sell may be revealed on a day when Everton suffered a double setback with Marcelo Bielsa expressing doubts about replacing Frank Lampard as manager and Tottenham hijacking their move to Arnaut Danjuma.

Moshiri and his fellow board members have been harshly criticized by Everton fans in recent weeks, with widespread calls for the owner to sell after nearly seven years and for the directors to leave.

The good, the bad and the ‘absolute mess’: Lampard sacked as Everton manager – video

Around £700m has been spent on over 50 players in the Moshiri era, with just over £400m returned in sales. The attempted sale comes at a perilous time for Everton with the stadium under construction at a cost of at least £550m, the club’s last three available accounts show combined losses of £372.6m and lucrative commercial ties severed with companies owned by the oligarch Alisher Usmanov after the Russian invasion of Ukraine.

Moshiri has so far funded the construction costs of the stadium, but is looking to make the additional investment needed to complete the project.

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