Everton FC receive nine-figure sum from capital conversion – transfers planned

Moshiri ramps up to 94.1%

Premier League club Everton receive much-needed financial support. Owner Farhad Moshiri is putting another £100m (almost €120m) into the club, it was announced on Friday. The “Toffees” want to use the money to compensate for losses caused by the corona pandemic. In addition, the money should be used to finance reinforcements for the relegation battle and also to promote the construction of the new stadium. Over the past three financial years, Everton have lost a total of £265m.

The investment, which is a loan-to-equity conversion, brings Moshiri’s stake to 94.1 percent. The move is clear evidence of his commitment and determination, he wrote in a letter to supporters. The Iranian businessman acquired the Blues for £200m in 2016 and has since spent the equivalent of over €600m on new arrivals. Nevertheless, Everton is currently stuck in the bottom of the table (all Everton transfers per season).

The club recently fired their coach Rafael Benítez after just seven months. As the “Daily Mail” reported, four coaches are being discussed as successors. This also includes Niko Kovac, former Bundesliga coach at Eintracht Frankfurt and Bayern Munich, who had to leave the French first division club AS Monaco at the turn of the year. But the Croatian only has outsider chances. The top favorite is the Belgian national coach Roberto Martínez, who worked successfully at Everton from 2013 to 2016. According to the Guardian, Belgium’s association rejected a request for an engagement. Also on the list of candidates: England’s ex-international Wayne Rooney, currently coach of the second division club Derby County, and Frank Lampard, who was released from Chelsea a year ago.

To home page