Moshiri ready to write off £450m as Everton owner's allies share takeover verdict - report

Farhad Moshiri is willing to write off £450million to sell Everton for up to £80m, according to the Daily Mail.

The newspaper reported on 6 September (pages 80 & 81) that the British-Iranian businessman wants between £40m and £80m for his shares.

This would see him write off £450m due to the club’s huge levels of debt, with allies describing him as “straight and open” with the Toffees having a “number of top legal advisors”.

Farhad Moshiri to write off Everton debts

The Toffees owner has been doing his utmost to sell the club but has seriously struggled despite entering periods of exclusivity with two prospective buyers.

A deal with Dan Friedkin fell through due to debt owed to 777 Partners through A-Cap, with the latter now being accused of fraud.

This makes any dealings increasingly complicated for any potential new owner given that Everton could be viewed as a beneficiary in a legal case against the American firm.

John Textor appears to still be in the running but would have to part ways with his Crystal Palace shares before any move can be completed [The Guardian].

All the uncertainty surrounding the ownership at Goodison is growing increasingly frustrating for supporters who want a solution and quick.

It appears that Moshiri is looking to make a deal easier by wiping his debts but the underlying problems are putting buyers off which is a huge issue.

In other Everton news, Dan Meis has responded to brutal criticism over the new stadium after images were shared.

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