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It almost doesn’t require saying but the financial condition of Everton Football Club is frankly absurd, and testament to the atrocious management of the club by Farhad Moshiri.
The club continues to be caught in a perfect storm of underperformance on and off the pitch, combined with the complete indifference of the current owner.
Whatever the solution is going forwards, Moshiri has caused huge pain to himself, the club, the fans (most importantly), creditors, sponsors and their backers. The longer we wait for a solution or resolution, the worse our situation becomes.