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Real Madrid’s Coach Carlo Ancelotti Drags Former Side Everton to Court
- Real Madrid manager Carlo Ancelotti sued former club, Everton
- The Italian manager spent two years at Goodison Park
- Everton are undergoing a spell of severe financial and administrative struggles
Real Madrid manager Carlo Ancelotti has sued his former club Everton in London’s high court over commercial disputes.
The Italian manager has filed a claim against the Premier League outfit, two years after leaving Goodison Park, in a case related to “general commercial contracts and arrangements”.
The case has been listed for hearing in the commercial court.
Everton are undergoing a spell of severe financial and administrative struggles. Three of their directors have left the club, and chairman Bill Kenwright is also on the verge of departing Goodison Park in the next 48 hours, according to The Guardian.
They have put in consistent efforts to raise funds for their new stadium at Bramley-Moore Dock but without much success.
However, the recent exits from the boardroom might be an indication of fresh investment from the New York‑based MSP Sports Capital, thanks to Farhad Moshiri, who owns 94% of the club.
According to reports from Reuters, Everton also opted for a bridging loan against the new stadium while discussions over a new investment continued in the background.
But any investment into the club might see Moshiri losing some control, with the businessman believed to have injected £750m into Everton to date.
Everton and Ancelotti's entourage have not made a public statement regarding the legal suit filed in the London court.
Everton’s financial struggles
This claim will only add more pressure on the Toffees, who have been struggling with financial issues over the past few seasons amid the construction of their new stadium at Bramley-Moore Dock.
These issues have had a knock-on effect on the club’s performance on the pitch, with the side narrowly avoiding the drop in each of the last two seasons.
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Last month, they secured their Premier League status on the last day of the season with a 1-0 win over Bournemouth that relegated Leicester and Leeds to the Championship.
Everton's relegation struggle
Earlier Sports Brief reported Everton manager Sean Dyche warned that his work in turning the Toffees around has only just begun after securing Premier League survival.
Abdoulaye Doucoure's stunning strike earned a 1-0 win over Bournemouth that will stretch Everton's stay in the top flight to 70 years as Leicester and Leeds joined Southampton in heading down to the Championship.