Grip getting Ever tighter

FARHAD PILES THE CASH IN

FARHAD MOSHIRI has tightened his grip on Everton by becoming majority shareholder of the club.

The Iranian billionaire has increased his stake from 49.9 per cent to 68.6 per cent and plans to control 77.2 per cent by next summer.

Moshiri always planned to increase his influence after his initial investment in 2016 but has pushed forward his plans.

He has bought out the deputy chairman Jon Woods and another shareholder, Arthur Abercromby.

It is also understood chairman Bill Kenwright’s holding has been cut to around five per cent.

Boost

An Everton statement read: “Everton Football Club today announces that major shareholder Farhad Moshiri has further committed to and increased his shareholding in the club.

“Farhad Moshiri previously owned

49.9 per cent of the club and in line with the agreement made at the time of his original investment, he has purchased 18.7 per cent through Blue Heaven Holdings Ltd.

“This gives him a total holding of

68.6 per cent which is expected to increase to 77.2 per cent no later than July 2019.”

The move will be seen as a boost for fans who are desperate for more investment.

The pressure is now on Moshiri to deliver a new stadium at the Bramley Moore dock site, which will cost almost £500m.

Liverpool City Council will lend the club £280m for the project, leaving the Toffees to fund the remainder.