Everton legend Southall baffled by lack of takeover offers

Football
27 Sep 2023 • 1:35 AM MYT
Tribal Football
Tribal Football

Tribal Football covers news from the Premier League, LaLiga and Serie A

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Everton legend Neville Southall admits he is confused by the ownership issues surrounding the club.

Majority shareholder Farhad Moshiri is desperate to sell, given the club is in colossal debt.

However, his entire 94.1% stake in the club has not yet been sold to 777 Partners.

Regulatory approval has not gone through for the deal, with the Miami-based investment firm already having stakes in many clubs worldwide.

Southall told the ECHO: I don't understand with the club, its history, with the successes it's had in the past, the fanbase that we've got, why there's not a queue of people lining up to buy Everton. Why are there only odds and ends coming out?

Yes the team needs money pumping into it and everyone knows that but if you look at Everton as an overall brand with the new stadium, for me as an investor I'd be going 'wow', if we can get this right on the pitch, that club is going to fly, it could be Champions League.

All you've got to do now is get a team to match the ground because they'll always make money once they make the move. For me it isn't 'who is coming in as an investor?' it's why there aren't more of them queueing up to take advantage of a potentially great opportunity.

I can only come to two assumptions from all of that. Either I'm seeing something that nobody else can or we're really bad at marketing the club."