Everton made a last-minute decision to sell Nigerian attacking midfielder, Alex Iwobi, to Fulham on the deadline day, despite earlier reports of a potential new contract, Soccernet.ng reports.
Recent revelations suggest that financial constraints were the driving force behind this unexpected transfer.
Despite his impressive performances last season, which played a crucial role in securing Everton’s place in the English Premier League under the guidance of manager Sean Dyche, Iwobi was transferred without a replacement in sight.
During his time at Goodison Park, Iwobi made a notable impact, making 123 Premier League appearances for the Toffees and scoring six goals.
His versatility allowed him to be deployed in various positions, and he consistently delivered dedicated performances, regardless of his role on the field.
New information released by Givemesport sheds light on Everton’s dire financial situation, which played a significant role in Iwobi’s sale on the deadline day.
The midfielder signed a five-year deal worth €22 million with Fulham, despite ongoing talks of a new contract with Everton.
Everton’s financial challenges have raised concerns about the club’s future stability. The Merseyside club sold players worth £45 million upfront during the transfer window but struggled to bring in adequate replacements.
This leaves the Goodinson Park outfit vulnerable, as an injury to any attacker could have severe consequences for the team.
Farhad Moshiri, Everton’s major stakeholder, has been actively seeking additional investment to bolster the club’s financial standing.
His tenure, which began in 2016 with significant financial investments, has yet to yield the desired results, with Everton’s highest league position being seventh.
Reports suggest that 777 Partners, a Miami-based investment group, is nearing the acquisition of Everton after months of negotiations.
The group already holds stakes in various sports businesses, including Genoa, Sevilla, the British Basketball League, and Red Star FC, indicating their strong interest in the world of sports investment.