'Great cost to him personally' - Alan Myers shares 'Huge' £750m Moshiri loss on Everton deal

Farhad Moshiri chose to agree an Everton takeover agreement with Dan Friedkin “at great cost to him personally”, according to Alan Myers.

The Sky Sports journalist reported via the outlet’s website on 23 September that the Toffees’ majority shareholder could end up losing £750million on the deal in what will be a “huge loss” on his investment in the club.

John Textor had looked to be in pole position to secure an agreement with Moshiri but Freidkin returned and after an “intense flurry” of weekend meetings his offer was accepted.

Myers added that Moshiri’s was “badly affected” by the Russian invasion of Ukraine and the subsequent sanctions on former club sponsor Alisher Usmanov, but his legacy will include the new stadium and the Friedkin deal is set to leave the club “significantly” better off than any other offer.

It was also reported elsewhere by i News (23 September) that a source has indicated Moshiri had accepted a lower offer to smooth the process with Moshiri.

John Textor beaten to Everton deal over the weekend

Moshiri has long been expected to see next to nothing in return for his shareholding when a deal was finally done since the club was so laden with debt, although Textor was reportedly set to pay as much as £50m [Guardian, 10 September].

And while it is clearly a positive that the outgoing owner has chosen the best deal for the club it is surely the least he could do after having spent all of last season in bed with 777 Partners, who looked to be the exact opposite.

It is just about feasible, if Moshiri’s choices are viewed very charitably, that he deemed the Miami-based firm the only viable way of funding the club through the campaign and never believed they would be able to actually close the deal.

But that would require the sort of foresight that doesn’t tie up with most of his previous decision-making at Goodison, especially when the £200million debt built up to 777 was what caused Friedkin’s original bid to collapse in the summer [The Athletic, 19 July].

That issue is now believed to have been resolved, with virtually everything in place now for the takeover to successfully be completed [Giulia Bould, 23 September].

Premier League approval is the main requirement now and is expected to go off without a hitch in eight to 12 weeks [Ben Jacobs, 23 September].

If the Roma chief does takeover in the time frame and Everton move into their new home next season on an upward trajectory it is possible Moshiri is looked upon more fondly in future.

But for now it is just important for him and the club that both sides part ways, and it seems he has made the sacrifice here to make the right decision at last.

In other Everton news, an English club’s successful manager could absolutely be a possibility to replace Sean Dyche.

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