Everton could look for new investors after Uzbekistan-born Alisher Usmanov has seen his assets frozen by the European Union, according to journalist Pete O’Rourke.
The Lowdown: Usmanov news
Usmanov, owner of USM Holdings, first became involved with the Toffees when his company sponsored Everton’s Finch Farm training ground.
More recently, he struck a deal with the Merseyside club, securing naming-rights of Everton’s proposed new stadium at Bramley-Moore Dock.
However, the Toffees have now cut ties with their Russian sponsors, including Usmanov’s USM Holdings, leaving the club with a potential £300 million black hole in their playing budget.
The Latest: O’Rourke’s claim…
Consequently, O’Rourke has claimed that Everton may be searching for new investors to fill the void left by the Uzbekistan billionaire.
Speaking with GiveMeSport, he said:
“It might mean that Everton will be looking for financial investment just to help the club tick along and everything else.
“It’s going to be such a big summer for Everton. They will be desperate to stay in the Premier League.”
The Verdict: Needed
New boss Frank Lampard has insisted that Usmanov's sanctions “have not impacted” his squad as the Toffees continue to fight off a relegation battle.
If Everton remain in the Premier League next season, they will need new investors over the summer, especially given the calls being made for a defensive overhaul.
Therefore, the Toffees need to worry about the remainder of the season, before undergoing a search for investment during the summer.
In other news: Everton: Toffees need defensive overhaul