Iran Businessman Increases Stake of Shares in Everton

DBasia.news – The majority shareholder of Everton, Farhad Moshiri, increases his stake in the club from 49,9 percent to 68,8 percent. The Premier League announced on Tuesday.

The Iranian businessman who lives in Monaco purchased an additional 18,7 percent of his share through Blue Heaven Holdings Ltd. and he said the stake will be up to 77,2 percent no later than July 2019.

“Everton Football Club today announces that major shareholder Farhad Moshiri has further committed to and increased his shareholding in the club,” said the official statement from Everton.

Since taking over the club on February 2016, Moshiri has underlined his commitment to Everton by his promise to increase the investment in the transfer market.

 

Everton

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Everton spent more than ‎£150M before the beginning of last season but still resulting in poor achievement. They struggled at the beginning of the league before finished in the 8th rank under their second manager this season, Sam Allardyce, who took over the coaching seat from Ronald Koeman.

They continued the big spending this year with the new coach Marco Silva, who brought the striker Richarlison from Watford worth ‎£40M and recruited defender Lucas Digne from Barcelona worth ‎£18M and some other players.

Moshiri, 63, also has the plan to help the club move to the new home in Liverpool Dock.

Everton has been achieving the Premier League title for nine times and FA Cup for five times, though they unable to repeat it since 1995.

The Merseyside club are in the 7th rank of the Premier League with 6 points from 4 matches this season.