Everton put up for sale by Farhad Moshiri for 500m as Frank Lampard sacked

Everton owner Farhad Moshiri has put the club up for sale a day after the club sacked manager Frank Lampard.

Moshiri has put Everton on the market and is hoping to secure 500million for any sale, as per a report in the Guardian. The British-Iranian businessman is the majority owner of the Merseyside club, having increased his shares in the club to 94% last year.

His decision to put the club up for sale comes amid turmoil on and off the pitch, with the Toffees sacking boss Lampard after a run of defeats which left the club joint-bottom at the foot of the Premier League table with just 15 points from 19 matches.

Moshiri is said to be open to either a full or partial takeover of the club, with his decision coming after months of seeking external investment into Everton. It comes amid their plans to build a new stadium at Bramley-Moore Dock, in a big-money project to move away from their long-time Goodison Park home.