Mega cash injection for Everton FC

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Premier League club Everton receive much-needed financial support. Owner Farhad Moshiri is investing another £100m (almost €120m) in the club, according to the Liverpool football club.

The English first division club wants to use the money to compensate for losses caused by the corona pandemic. In addition, reinforcements for the relegation battle are to be financed with the money and the construction of the new stadium is to be promoted. In the past three financial years, Everton have lost a total of £265m.

The investment, which is a loan-to-equity conversion, brings Moshiri’s stake to 94.1 percent. The move is clear evidence of his commitment and determination, he wrote in a letter to supporters. The Iranian businessman took over the Blues for £200million in 2016 and has since spent around half a billion pounds on new arrivals. Nevertheless, Everton is currently stuck in the table basement.

Movement on the bench

The club recently fired its coach Rafael Benitez after just seven months. As the “Daily Mail” reported, four coaches are being discussed as successors. This also includes Niko Kovac, former Bundesliga coach at Eintracht Frankfurt and Bayern Munich, who had to leave the French first division club AS Monaco at the turn of the year. But the Croatian only has outsider chances.

The top favorite is the Belgian national coach Roberto Martinez, who worked successfully at Everton from 2013 to 2016. Also on the list of candidates: England’s ex-international Wayne Rooney, currently coach of the second division club Derby County, and Frank Lampard, who was released from Chelsea a year ago.

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