Everton Owner Faces Lawsuit from Alisher Usmanov
Everton Owner Faces Lawsuit from Alisher Usmanov
Everton Owner Faces Lawsuit from Alisher Usmanov
News summary

Everton Football Club faces a new crisis as owner Farhad Moshiri is being sued by Uzbek-Russian oligarch Alisher Usmanov, who had previously sponsored the club and held significant ties to Moshiri. Usmanov's legal action, filed against Moshiri's Cypriot-registered company Somelior Holdings Limited in Moscow’s Arbitration Court, adds to the club's ongoing challenges including a stalled takeover effort and the construction of a new stadium. The lawsuit arises amid Usmanov's connections to Russian President Vladimir Putin, which resulted in sanctions from multiple governments following the invasion of Ukraine. This situation raises concerns for potential buyers regarding the implications of any damages Moshiri might be liable for, particularly in light of existing financial sanctions. While sources close to Moshiri assert that UK laws would prevent him from using proceeds from a sale to pay any damages, the uncertainty surrounding the case complicates the sale process of the club. Moshiri's attempts to sell Everton have already been marred by previous failed deals, and the ongoing legal issues could further weaken his negotiating position.

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