Everton football club confirmed the departure of former Chelsea legend and manager Frank Lampard earlier this week, following a run of three wins in 20 league matches and just one place ahead of bottom-place Southampton.
But, while there is an ongoing search for a replacement to get the club comfortably out of the danger zone and risk of relegating to the Championship, reports have its major shareholder, Farhad Moshiri has put the club up for sale in an attempt to raise over £500 million for its sale.
The British-Iranian businessman is said to be open to either a full or partial takeover of Everton, his decision coming after months of seeking outside investment in the club.
It comes amid plans to build a new stadium at Bramley-Moore Dock as part of a large-scale project to relocate away from Goodison Park.
Just a week ago, Moshiri rebuffed the possibility of a sale as he told the club’s website in an interview:
“The club is not for sale but I have been talking to top investors to bridge a gap on the stadium. I can do it (the investing) myself but I want to bring top sport investors into Everton. We are close to having a deal done.”
However, much has changed since Moshiri’s comments, with Saturday’s loss worsening the club’s league position and Lampard being fired as manager.
Also, the Merseyside club was dealt a double setback after Marcelo Bielsa expressed doubts over replacing Frank Lampard as manager and Tottenham hijacking their move for Arnaut Danjuma.
There are also reports of Moshiri and his board members being fiercely criticised by fans over recent weeks. These and many more could be enough to choose to put the club up for sale.