Farhad Moshiri increases stake in Everton
Last updated 11th Sep 2018
Everton major shareholder Farhad Moshiri has increased his control of the club.
Moshiri, who previously owned 49.9 of the club has purchased 18.7 % giving him a total holding of 68.6%.
The club's majority shareholder is expected to increase his shares to 77.2% no later than July 2019.
The Iranian businessman first invested in Everton in 2016, selling his stake in Arsenal.
Moshiri's personal wealth is estimated at 1.7billion US dollars according to Forbes.
He's now the club's majority shareholder as a result