Everton owner Fahrad Moshiri demands £50MILLION plus further annual payments to walk away from crisis club Toffees
Everton owner Farhad Moshiri wants £50million – including annual payments for the next 10 years – to walk away from the club.
The Iranian businessman has spent over £900m on Everton over the last eight years and is desperately trying to regain some of his losses.
US investors The Friedkin Group became the third company to withdraw from a bid to buy Everton in 12 months earlier this week, leaving British firm Vici Private Finance as the new frontrunners.
However, there are other bidders interested in buying Everton.
That’s mainly because their new stadium at Bramley Moore Dock has almost been completed, with club officials describing it as a £1billion asset.
Previous exclusive negotiations with MSP Sports Capital and 777Partners also collapsed without the club closing a deal.
Everton have eye-watering debts of around £550m – The Friendkin Group alone are owed £200m – with Moshiri’s demands taking the club’s valuation to £600m.
SunSport has learned that one of the bidders offered Moshiri a £25m payment up front, plus further annual fees of £2.5m for the next 10 years.
Another bidder is understood to have offered a lower up-front fee followed by annual payments of £4m.
Moshiri is could also receive additional bonuses based on Everton’s future success, and the profitability of the stadium.
CASINO SPECIAL – BEST CASINO WELCOME OFFERS
Everton have announced a record £20m kit deal with Castore this summer.
They are also about to enter negotiations over stadium naming rights.