The Everton board needs to be extra clear with followers in regards to the membership’s relationship with Alisher Usmanov.
That’s the opinion of finance professional Kieran Maguire, who spoke solely to Soccer Insider in regards to the stories surrounding Usmanov and his funding of the Toffees.
The Guardian report (Could 3) that Everton was funded by Usmanov whereas he was barred from getting into the UK.
Usmanov was sanctioned by the UK following Russia’s invasion of Ukraine, and the Toffees shareholder was informed in a letter from the House Workplace in September 2021 that his presence within the UK was “not deemed conducive to the general public good”.
Usmanov’s nephew was serving on the membership’s board when the letter was acquired and his corporations had energetic contracts with the membership value tens of hundreds of thousands in sponsorship agreements.
Maguire is disenchanted that Everton didn’t distance themselves farther from Usmanov and accused the membership of being ‘blinded by cash’.
“I feel it’s disappointing that there’s been no transparency from the Everton Board almost about the connection with, Usmanov,” Maguire informed Soccer Insider.
“Provided that he had been banned from the UK, you’d have thought that Everton would have taken some steps to distance themselves from him at an earlier stage.
“However I feel it’s a traditional case of a membership being blinded by cash and taking checks from a wide range of sponsorship preparations which had been very profitable.
“I feel if that they had been straight with their followers, Everton would have a bit extra credibility and that’s hanging in a reasonably precarious approach at current.“
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