10 Sep 2024 17:15:42
Saw this on Reddit. Don't know if there's any truth in it but if there is it's no wonder nobody wants to buy us as a club. Spiralling costs with debts and loans and possibly this too.

Uzbek oligarch Alisher Usmanov has taken legal action against a company owned by Everton owner Farhad Moshiri, creating a complicating factor in the club's already difficult takeover process. Usmanov, 70, is the founder of the global conglomerate USM, whose companies provided sponsorship to Everton worth some £12m each year, as well as purchasing a first naming rights option on the club's new stadium worth £30m.
However, that funding stopped in March 2022 when Usmanov was sanctioned by the United States European Union, and United Kingdom following Russia's invasion of Ukraine, with Usmanov described by the EU as a "pro-Kremlin oligarch with particularly close ties to Russian president Vladimir Putin". Moshiri made his money as the CEO of a number of Usmanov's companies, including becoming chairman of USM Holdings in 2013, a role which he resigned once Usmanov was sanctioned. Documents filed at Moscow's Arbitration Court in September 2023, and seen by The Athletic, list Somelior Holdings Limited, a Cypriot-registered company owned wholly by Moshiri, as one of six defendants in a case brought by Usmanov and USM Holdings. Somelior Holdings previously held a 10 percent stake in USM, which had gone down to five per cent prior to the sanctions. According to the documents, Judge A. N. Petrukhina approved a motion to hold the hearing behind closed doors owing to "the presence of trade secrets in the documents to be examined", which had "been established by the court". Moshiri first invested in Everton in 2016 (Michael Regan/ Getty Images) Over the course of the Everton sale process, it is understood that multiple Everton bidders have become aware of the existence of this case. One concern for bidders, which at least one group ha discussed, is whether any payment to Moshiri is at risk of breaking sanction laws if the purchase money is used to pay damages to Usmanov - though one source close to Moshiri with knowledge of the case insists that UK laws and regulations would prevent him from paying damages. This legal case being held behind closed doors, as well as the opacity of the judicial system in Russia, means it is difficult for prospective owners to know whether any resolution in the case had been reached. The Athletic approached both representatives for Moshiri and Usmanov for comment. No response was received from Usmanov. A spokesperson for Moshiri declined to formally comment, but said that the court action was complete.


1.) 10 Sep 2024
10 Sep 2024 18:10:23
Yeah just been reading it, wonder if it will impact on the. proposed takeover.


2.) 10 Sep 2024
10 Sep 2024 20:23:49
Since the legal proceedings are in Russia I see no reason to worry!


3.) 10 Sep 2024
10 Sep 2024 20:35:07
From what I have read he is taking action against Moshiri not Everton. Therefore it really has nothing to do with the sale of the club.