x

Everton Sold Alex Iwobi Due to Financial Struggles

By  Milcah  Tanimu

The sale of Nigeria international Alex Iwobi from Everton to Fulham during the last summer transfer window was primarily driven by Everton’s dire financial situation, according to a report by British publication Givemesport.

Iwobi’s unexpected move to Fulham was completed on a five-year deal worth €22 million. During his four seasons with Everton, he had made 123 Premier League appearances and scored six goals. He was even named Players’ Player of the Season and had been one of Everton’s standout performers, helping them narrowly avoid relegation in two consecutive seasons.

However, the transfer came as a shock to many on the transfer deadline day. Givemesport reported that Everton’s financial woes, both on and off the pitch, were the driving force behind the decision to sell Iwobi.

The report stated, “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 £2.6 million spent on new players in terms of upfront payments, but £45 million worth of assets sold, including key man Alex Iwobi on deadline day.”

In recent developments, Everton is reportedly close to being sold to the Miami-based investment firm 777 Partners. Talks with MSP Sports Capital had collapsed in August, and this takeover could signal the end of owner Farhad Moshiri’s tenure, who first invested in the club in 2016. This potential change in ownership may have further implications for Everton’s financial outlook and its approach to player transfers in the future.

Hot this week

Ritman varsity appoints new mgt team as pioneer VC bows out

By Ogenyi Ogenyi,UyoRitman University, a privately owned institution located...

Delta Exco Approves ₦10 Billion for Pensioners, Reviews Key Infrastructure Contracts

By Anne AzukaThe Delta State Executive Council (EXCO) on...

Northern Activist, Comrade Ejembi, Declares Support for #FreeNnamdiKanuNow Protest

By Achadu Gabriel, KadunaKaduna-based human rights activist and Chief...

WHO Eyes 2030 As Year For Achievement of Refractive Eye Care For All

By Joyce Remi-BabayejuAs the world marks the 2025...

Kogi Govt Partners L-PRES to Boost Livestock Productivity

By Noah Ocheni, LokojaThe Kogi State Government, in collaboration...

Oborevwori Commends NYSC Members in Delta for Resilience and Dedication

By Anne Azuka, Issele-UkuGovernor Sheriff Oborevwori of Delta State...

FUL VC Applauds Prof. Olu Obafemi for Using Literature as a Tool for Social Reform

By Noah Ocheni, LokojaThe Vice Chancellor of the Federal...

NYSC members in Delta commended for resilience, commitment, duty

By Anne AzukaMembers of the National Youths Service...

FG Encourages Youths On Voter Registration

By Wilfred FrancisAs the voter registration exercise continues, the...

Governor Ododo Congratulates Danlami Nmodu on Election as GOCOP President

By Noah Ocheni, LokojaKogi State Governor, Ahmed Usman Ododo,...

2026 WCQ: Super Eagles Thrash Benin 4–0, But South Africa Clinch World Cup Spot

Nigeria ended their 2026 FIFA World Cup qualifying campaign...

Related Articles

Popular Categories

spot_imgspot_img