Everton FC is a soccer club located in Liverpool, England that is competing in the Premier League. With a long history, they were one of the founding members of the top-flight league in 1888 and have only missed out on four seasons since then. Although unsuccessful in recent years, Everton has won multiple league titles and FA Cups, and even a European Cup Winners’ Cup.
In 2016, Iranian-British billionaire Farhad Moshiri bought a 49.9% stake in the club, after selling his minority stake in Arsenal. In the last 6 years, he has increased his ownership of the club to 94%. Interestingly enough, unlike some of the other clubs mentioned in this blog, there is not much controversy associated with the takeover from a financial perspective. On the contrary. While PSG and Manchester City are often in question regarding adhering to Financial Fair Play rules, despite being a multibillionaire, Moshiri has failed to provide enough proper financial backing in order to improve. In the past 3 years, when Moshiri began gaining more and more shares, Everton has spent 25 million euros on players that have featured in the majority of this season’s games. This is nowhere near the amount that is to be expected from a club with an owner that has a net worth of over 2 billion euros.
The club has gone through 9 managers in these 6 years, but nothing seems to be a good permanent solution. Since his initial investment, Everton has averaged finishing between 9th and 10th in the league, and they are currently in horrible form as they sit 17th. With 11 games left, 7 of which against opponents in the top half of the table, Everton looks to be in deep trouble in their hopes of avoiding relegation (18th - 20th place). Everton’s current situation serves as an interesting example of how the right management is crucial, and sometimes having an excess of funds available isn’t enough to provide success. Will they be able to escape relegation? If they do, how will they turn their club around? If they don’t, how will they make it back to the Premier League?
Source:
https://www.transfermarkt.com/fc-everton/alletransfers/verein/29
I am not a avid soccer fan but I know the name Everton, but I did not they were playing this poorly. I do believe though to be successful in any sport, a team must have good management, and that goes for any sport. Without the good management, there can sometimes be a disconnect between the players, coaches, front office and owners, and this only leads to negative things. Hopefully Everton can figure things out and get back to competing at a very high level.
ReplyDeleteIt is crazy the team has gone through so many managers so quickly without finding a solution to their problems. Everton should bee able to use their funds to bring about some kind of change. It is unfortunate to see how successful they were just a few years ago. Hopefully they can find better management soon.
ReplyDeleteEverton as one of the most oldest and traditional clubs in futbol. It is sad to see their fall from grace in recent years. I think they have a chance of resurgence with Frank Lampard becoming their coach. However, like any corporation if management from the top isn't structured or in sync then it is impossible to excel.
ReplyDeleteAs someone who grew up watching the major European leagues, including the EPL, it is extremely surprising to see the state of a club like Everton, who was more renowned than sides like Spurs or Leicester at the beginning of the 2010s. Add to this the ridiculous amount of investment in transfers and wages, it is almost incomprehensible that they are in their current state.
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