Richard Keys has claimed in his weekly blog post that Alisher Usmanov is no longer interested in investing in Everton, insisting the club is for sale.
The owner of USM Holdings has been a long-time business partner of Toffees majority shareholder Farhad Moshiri, but recent results under Rafa Benitez have left the club struggling.
Everton are not able to splash the cash anytime soon due to Financial Fair Play restrictions, and Keys reckons Moshiri is open to cashing in on the club.
The beIN SPORTS presenter said: “Alisher Usmanov has given up. He doesn’t want to spend anymore money. I wrote recently about a friend of mine in this part of the world that was offered H’everton for £500m.
“That was too much, but the sting in the tale was having to guarantee another £500m for the stadium. £1b? No chance. But trust me. H’everton is available for purchase.”
Having spent around £500million on transfer since taking over in 2016 and employed five managers, things are not going according to the plan for Moshiri.
Everton are far off from being a top-six side right now, and challenging for Europe is not likely to happen soon with this crop of players.
Could the British-Iranian businessman be open to calling it a day at Goodison Park after getting nothing in return five years after taking over?
It definitely cannot be ruled out as it could take the Toffees up to another five years to assemble a team capable of pushing for the top-six.
The bigwigs have left them behind, with the likes of West Ham and Leicester City the only teams proving that they can challenge the traditional heavyweights.
Everton have a long way to go right now, and with the fans starting to get fed up with Rafa Benitez, a sixth manager could soon be on his way.
Not many buyers will be keen to spend £1billion on acquiring the club right now, and it seems Moshiri will have to hold on to his asset or beat his price down to have a realistic chance of selling.