Everton buyers should be protected against complications thrown up by a legal dispute between Farhad Moshiri and Alisher Usmanov by a letter of assurance, according to Paul Brown.
The journalist reported via X on 10 September that legal sources insist such a mechanism would be sufficient to bypass any blowback from cash spent on buying the club subsequently becoming involved in a case being held behind closed doors in Russia.
The Athletic reported on 10 September that at least one bidder had raised concerns about breaking sanctions laws if Moshiri were to use money to pay damages to Usmanov, who was sanctioned by the UK government in 2022 due to links to Russian president Vladmiri Putin and saw Everton forced to rapidly sever ties.
But Brown wrote: “Usmanov has taken legal action vs a company owned by Moshiri but the case is being held behind closed doors.
“Legal sources I spoke to were convinced a letter of assurance from Moshiri should be enough to protect a buyer of Everton with concerns over where their [money] might end up.”
Lyon owner John Textor in exclusive Everton negotiations
It appears there is a simple fix as it relates to the takeover process falling foul of the government’s move in the wake of the invasion of Ukraine.
John Textor is currently in exclusive talks to buy the club from Moshiri and reportedly feels he can secure a deal with the majority shareholder in just a month……………. ………………………………………………………………….
