Home Premier League Arsenal Billionaire buys 49.9% stake in Everton

Billionaire buys 49.9% stake in Everton

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Everton have been on a decade-long hunt for investment

On Saturday, Everton confirmed Iranian billionaire Farhad Moshiri has bought a 49.9% stake in the club.

The Toffees have been on a decade-long hunt for new investment into the club, and chairman Bill Kenwright has confirmed that Moshiri will own a large stake in the club, subject to Premier League approval.

Everton have fallen short as far as silverware is concerned, for quite some time. And now with new investment, the club hope to invest heavily in order to move up the table and bring in players who can help them compete for trophies.

Roberto Martinez’s side are currently 12th in the table and have fallen short of their targets for the season, but Kenwright believes he has found the write man to help the club move forward.

“After an exhaustive search I believe we have found the perfect partner to take the Club forward.” said Kenwright. “I have got to know Farhad well over the last 18 months and his football knowledge, financial wherewithal and True Blue spirit have convinced me that he is the right man to support Everton.”

Delighted

The Toffees were knocked out of the Capital One Cup semi-finals by Manchester City last month and top scorer Romelu Lukaku, Everton’s record £28 million signing, is being tipped to leave the club.

But with new investment, Kenwright and Moshiri are hoping to move Everton in a positive direction, with the Iranian delighted to invest in another Premier League side, having sold his share in Arsenal on Friday to Alisher Usmanov.

Mashiri said: “I am delighted to take this opportunity to become a shareholder in Everton, with its rich heritage as one of Europe’s leading football clubs.

“There has never been a more level playing field in the Premier League than now.  Bill Kenwright has taught me what it means to be an Evertonian and I look forward with excitement to working with him to help deliver success for Everton in the future.”

 

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