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Why Everton sold Iwobi

By Daily Sports Nigeria on September 13, 2023

A British publication, Givemesport, has revealed that Everton’s poor financial situation was the major factor in the English Premier League side selling Nigeria international Alex Iwobi during the last summer transfer window.

The midfielder made a surprise move from Everton to Fulham on a five-year deal worth €22m.

Iwobi made 123 Premier League appearances for Everton in four seasons with the club, scoring six times. He was named Players’ Player of The Season and was one of the Toffees’ best players as Everton narrowly avoided relegation for two consecutive seasons.

His move, however, came as a big shock on the transfer deadline day.

In a publication on Tuesday, Givemesport wrote that the Toffees, who are going through a catastrophic time on-and-off the pitch at the moment, were in need of money to bolster their financial situation.

“With Everton’s financial situation drastically worsening year on year, something has to change at the top at Goodison Park.

“The Merseyside club’s difficulties from a money perspective were amplified this summer, with just £2.6m spent on new players in terms of upfront payments, but £45m worth of assets sold, including key man Alex Iwobi on deadline day.”

According to the latest report, Everton are close to being sold to Miami-based investment firm 777 Partners.

BBC wrote that the financially stricken Toffees resumed discussions with the American company after talks with MSP Sports Capital collapsed in August.

The takeover will bring to an end the tenure of owner Farhad Moshiri, who first invested in 2016.

Source Punch Ng

Posted September 13, 2023