Owner Farhad Moshiri once said the club were ‘robust’ enough to fund stadium but now they need working capital injections
At Everton’s annual general meeting in January 2019, the owner, Farhad Moshiri, made a dramatic promise.
Speaking about the club’s ambition to build a 52,888-seat stadium at Bramley-Moore Dock, the club’s majority shareholder pledged: “I’ll throw as much money as needed. Private markets will provide £350m, naming rights will give us some more and we will maybe have an equity gap of £100m.”
Written by Simon Goodley
This news first appeared on https://www.theguardian.com/football/2024/apr/30/everton-crisis-explained under the title “The Everton crisis explained: how did it get to this point?”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
