The 27 Campaign in open letter format, a year on from their initial walkout at Goodison, call for Farhad Moshiri, 94% shareholder of Everton Football Club to address the growing concerns of the Everton fanbase, not only with regards to onfield performance, but increasingly off-field in relation to Finances, Ownership, Leadership and Direction (FOLD)
We believe the uncertainties and questions around finances, ownership, leadership and direction directly impact performance on the pitch.
Not only do we call for engagement and communication, but more importantly action. Action which will reverse the continued decline of our great football club. That action includes evidence of clear leadership. It requires an explanation as to his plans short and long term. Above all else it requires change. A change of leadership and a change of direction.
What is our financial position? How are we financing a stadium build and huge continued losses?
What is Moshiri’s view on ownership? Is it to continue as the sole significant investor, is it to sell outright or attract minority investors to fund the stadium and continued losses?
As our competitive position declines year on year, why has the board, particularly the Chairman and Chief Executive positions not been strengthened?
What, beyond building a new stadium, are his ambitions for the club? A stadium in itself will not provide the solution to the obvious difficulties the club is experiencing. In the short term, Premier League survival seems to be the limit. What are his plans to return to being competitors for trophies and European qualification places?
The 27 Campaign has today, 7th December 2022, sent an open letter to Farhad Moshiri demanding that he speak honestly with Everton fans about both the team’s performance on the field and the club’s Finances, Ownership, Leadership and Direction (FOLD).
Mr Moshiri has spoken very infrequently to supporters, and not at all since a message was published on 14 July. He hasn’t attended a game at Goodison Park since October 2021. The removal of Annual General Meetings and the complete silence from the board have left an enormous information vacuum.
In this time the club’s on-field performance has continued to decline and persistent rumours have circulated that Mr Moshiri is looking to sell the club.
The 27 Campaign said: “Farhad Moshiri’s financial commitment to Everton is significant and his funding of our new stadium is very welcome. But his silence while we struggle on and off the pitch is very concerning. It’s vital he now stops the silence.
Not only do we call for engagement and communication, but more importantly action. Action that will reverse the continued decline of our great football club. That action includes evidence of clear leadership. Evertonians deserve to know what his short and long-term plans are:
What is our financial position? How are we financing a stadium build and huge continued losses?
What are his views on ownership? Is he looking to sell outright or attract minority investors to fund the above?
As our competitive position declines year on year, why has the board, particularly the Chairman and Chief Executive positions not been strengthened?
What, beyond building a new stadium, are his ambitions for the club? In the short term, Premier League survival seems to be the limit. What are his plans to return to being competitors for trophies and European qualification places?
What changes to the club’s leadership and direction does he plan in the near future?”
The 27 Campaign is made up of concerned Evertonians who want to see improvements in the way Everton is run. The campaign has previously run well attended protests calling on Farhad Moshiri to listen, act and engage with Evertonians. The campaign recognises the amount that Mr Moshiri has invested into Everton but believes the failures of governance and decision-making under his leadership are the main reason behind the club’s decline on the field under his ownership.
Supporting evidence:
- Everton’s competitive position continues to decline. In the 7 seasons before he became shareholder our average league position was 7.8. In the near 7 years since his arrival it has fallen to 11.2.
- In the first full season under Moshiri, Everton averaged 1.61 points per game. Today that average (over 243 games) has fallen to 1.33 points per game. The last 53 games, the average is 1.00 points per game.
- When Farhad Moshiri arrived at the club, Everton arguably were considered to be “the best of the rest”. Seven years on (based on performance) our peer group is now those clubs in the lower half of the table. Worryingly, our performance trend continues to be one of decline.
- Farhad Moshiri (including share purchases) has committed more than £800 million to his ownership of Everton. The club’s issues have not been one of lack of resources. They are down to poor leadership, poor decision making and poor execution. Aggregate losses to June 2021 (the date of the last accounts) are £356 million. We estimate further losses of £72 million for 2021/22 - accounts yet to be published.