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Report: Everton put up for sale by Moshiri, asking $615 million

David Ornstein joins Paul Burmeister and Danny Higginbotham to analyze Everton's reported decision to sack manager Frank Lampard amid the Toffees' massive struggles.

Just 24 hours after Frank Lampard was fired, owner Farhad Moshiri has put Everton up for sale with an asking price of $615 million, according to a report from the Guardian.

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Moshiri previously sought to sell part of Everton with the club in a difficult financial situation and sorely needing a significant cash injection, but the British-Iranian billionaire was unable to find any suitable offers and has instead chosen to sell the club. Tuesday’s news comes not so long after a series of protests by Everton fans, calling for Moshiri to depart the club.

The manager has gone already, and now the owner is looking to go, too.

Moshiri would like to recoup the money he has invested in the new stadium being built at Bramley-Moore Dock. It is understood that Deloitte has been instructed to handle the sale of the club, who are in the Premier League relegation zone. Deloitte offered no comment when approached by the Guardian.

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Everton have spent more than $860 million on player transfers since Moshiri bought the club in 2016, with only $500 million (58 percent of the total spend) brought back through sales.

The attempted sale comes comes at a perilous moment for Everton with the stadium under construction at a cost of at least [$678 million], the club’s last three available set of accounts showing combined losses of [$460 million] and lucrative commercial ties cut with companies owned by the oligarch Alisher Usmanov after Russia’s invasion of Ukraine.

Moshiri has funded the construction costs of the stadium so far but has been seeking the additional investment required to complete the project.

On Monday, it was reported that Marcelo Bielsa was a leading candidate to replace Lampard after having already spoken to Moshiri about the vacant position. On Tuesday, Bielsa reportedly expressed doubts about taking on a relegation battler without the ability to spend much, if any, before the January transfer window closes.

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