The Everton board is currently under intense pressure as former manager Carlo Ancelotti sues the club in London’s high court. According to The Guardian, Ancelotti’s lawyers filed a claim on Friday against the club that he left two years ago. Although the details are brief, the claim relates to “general commercial contracts and arrangements”.
This latest legal action by Ancelotti will only add to the concerns of Everton’s board as the club is currently facing financial issues and struggling to raise funds to build their new Bramley-Moore Dock stadium. It is also likely that the club will have to make major changes to their squad despite avoiding relegation to the Championship on the final day of the last season.
The club’s main shareholder, Farhad Moshiri, is also currently seeking additional investment. Reports suggest that he is close to finding an investor, but it is unclear how far negotiations have progressed.
Given the current state of affairs, it is essential that Everton address their financial issues and find a way to secure the funds necessary to build their new stadium. The club has already taken out a bridging loan, but it may not be sufficient to meet their long-term needs. Therefore, they must explore all possible revenue streams to generate the funds necessary for the stadium and to support their squad.
One of the ways that Everton could potentially raise funds is through entering into commercial arrangements with businesses. For example, they could explore opportunities to partner with companies in industries such as sports betting, gaming, or hospitality. These companies could provide additional revenue streams for the club, while also helping them to market themselves to a wider audience.
Another option for Everton is to increase their global reach by expanding into foreign markets. By doing this, they could potentially attract new investments from overseas, as well as sales of merchandise and tickets.
In addition, Everton could also consider selling assets to generate the funds needed for their stadium. For example, they could sell naming rights for their new stadium to a sponsoring company, or sell their training ground to raise additional funds.
Ultimately, it is clear that Everton needs to take proactive measures to address their financial issues. They must find ways to generate additional revenue streams, increase their global reach, and potentially sell assets. By doing this, they can ensure that they have the funds necessary to support their squad and build their new stadium, while also addressing the concerns raised by legal actions such as Ancelotti’s lawsuit.
In conclusion, Everton’s board is currently under immense pressure due to financial issues and legal action by former manager Carlo Ancelotti. To address these concerns, the club must find ways to generate additional revenue streams, increase their global reach, and potentially sell assets. Only then can they ensure that they have the funds necessary to support their squad and build their new stadium.
