Usmanov

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The Premier League have postponed their adjudication on Everton's deal for stadium naming rights, funded by Alisher Usmanov, until June 30.

Sportsmail revealed in January that the Premier League were investigating the extraordinary deal in which Usmanov's holding company, USM, will pay £30million for the option to buy naming rights for a ground that will not open until 2023 at the earliest on a site where building work has yet to begin.

Everton are understood to have submitted all the paperwork relating to the agreement to the Premier League last month, along with their year-end accounts but must wait until the end of June to discover if the deal will be approved. The club have been informed of the delay, which is purely down to resources being stretched by the impact of the coronaviruscrisis and will have no bearing on the outcome.

The Premier League are seeking to establish if Everton's sale of a future naming-rights option for an unbuilt stadium, which would represent a first in UK sport, for £30m represents fair market value.

Executives at rival clubs raised eyebrows at the deal when it was announced in January, questioning its value and whether Usmanov could be considered independent, leading to private claims that the cash injection was an attempt to help Everton comply with the Premier League's profit and sustainability rules.

Premier League Rule E.54 states that any commercial deal 'arising from a related party transaction' must be 'recorded in the club's annual accounts at a fair market value'.
 

If FFP is relaxed - reckon Uz will "officially" come on board?

I think he'll always stay in the background doing his sponser thang but would be nice to finally have recognition as being one of the richest owned clubs in world football.

Mad how many people outside of Everton still think Moshiri is our "owner".
 

It’s ironic for years we’ve been seeking a billionaire to take the club forward but because of FFP are hands are tied somewhat. If they relax FFP and Usmanov formally comes on board, it’s a game changer. One of the world’s most decorated managers, funded by one of the world’s richest men, with one of the world’s best football stadia about to be built. You just know the premier league wouldn’t let it happen.
 

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