The Esk issues £50m Farhad Moshiri claim amid recent Everton takeover development

The Esk claims that Farhad Moshiri might receive between £25million and £50million from the sale of his Everton shares to the Friedkin Group. This would... The post The Esk issues £50m Farhad Moshiri claim amid recent Everton takeover development appeared first on Goodison News.

Dec 18, 2024 - 15:00

The Esk issues £50m Farhad Moshiri claim amid recent Everton takeover development

The Esk claims that Farhad Moshiri might receive between £25million and £50million from the sale of his Everton shares to the Friedkin Group.

This would mean that the British-Iranian billionaire would get between £196-£392 per share – significantly lower than the £3,400 valuation they traded at recently.

Goodison News has learned that the announcement is subject to just one more thing and is expected to take place this week.

Paul Quinn wrote on his The Esk website on 18 December: “On the assumption that The Friedkin Group acquire only the Blue Heaven Holdings holding (127,0321 shares) the price at which those shares are acquired impacts all other shareholders, particularly given that shares traded as recently as 29th November 2024 when 72 shares traded at £3,400 each.

“Even the most optimistic forecast of what Moshiri (Blue Heaven Holdings) might receive for his shares suggest figures of between £25 and £50 million. That suggests a value per share of £196–392 per share. How does one explain the rationale behind individual shares trading recently at £3,400?”

Farhad Moshiri could not have stayed longer due to the vocal discord among the Everton fanbase

Moshiri’s tenure at Goodison Park has been marked by financial investment but little in terms of on-field success or fan satisfaction, leading to a situation where his shares are now valued significantly lower than their recent market peak.

This discrepancy between the expected sale price to the Friedkin Group and the higher trading value reflects the turbulent times at Everton, characterised by public fan discord, managerial changes, poor decisions in the transfer window and the club’s financial struggles.

Moshiri, having seen the club’s value diminish, likely views an exit strategy as the most prudent course.

The sale of his shares, even at a reduced rate, signifies not only a financial decision but also a move to distance himself from the ongoing turmoil on Merseyside.

For Moshiri, this exit might be seen as a way to leave behind the controversies and start afresh, away from the scrutiny and dissatisfaction that has marked his time at the club.