Says it all that I read this on Twitter about an hour ago, should be absolutely miserable/furious over it but had actually completely forgotten about it until I checked the forum.
Gonzo summed up a lot of things about why we're so fucked but it also goes even deeper than that. I listened to a podcast and it took "the esk" basically an hour and a half to describe in detail all of the debt, lack of stadium funding, wages vs turnover, the Ukraine war seeing Usmanov's assets frozen (he was the real financial muscle behind Moshiri), and the rest of it, so I'm not going to try and enlighten people by posting an essay and barely scratching the tip of the iceberg.
It's hard to see why fans should care anymore. It's one thing seeing your club get shitter and shitter. Let's not pretend that the David Moyes era was "good" by Everton's historical standard but it's the best I've ever known. You could be proud of the club and you'd prickle when people criticised them fairly or unfairly because you felt like a part of it.
Everton Football Club now feels like it's just a thing I follow out of habit. I still have the emotional attachment to the team but I don't bother getting excited about what they could achieve or worrying about the ownership situation because it's just the latest in a growing list of English (and non-English) football clubs that have been picked up as a play-thing by someone with too much money and will now be passed around between investment groups trying to make a quick buck or Middle Eastern governments with an ulterior motive.
Everton are probably the biggest club in England that have been absolutely ruined by incompetent ownership. Man Utd might argue but they don't face a potential existential crisis like we do because they'll never get relegated. It goes to show though that it could basically happen to any club.