Everton’s majority shareholder Farhad Moshiri has significantly increased his control of the Premier League club after acquiring a larger stake on Tuesday.
Iranian businessman and investor Moshiri who resides in Monaco has bought another 18.7% of Everton’s shares through Blue Heaven Holdings Ltd, AFP reported.
He already held 49.9% of Everton after selling his stake in Arsenal to take charge at Goodison Park in February 2016.
Moshiri, whose personal wealth is estimated at $1.7 billion according to Forbes, has taken his total holding to 68.6%.
“Everton Football Club today announces that major shareholder Farhad Moshiri has further committed to and increased his shareholding in the club,” an Everton statement read.
“Farhad Moshiri previously owned 49.9% of the club and in line with the agreement made at the time of his original investment, he has purchased 18.7% through Blue Heaven Holdings Ltd, giving him a total holding of 68.6%, which is expected to increase to 77.2% no later than July 2019.”
Moshiri owns and has shares in numerous steel and energy companies in the UK and Russia.
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