Morshiri's Everton takeover approved by the Premier League
Billionaire Farhad Moshiri's investment in Everton has been approved by the Premier League, the club have announced.
Billionaire Farhad Moshiri's investment in Everton has been approved by the Premier League, the club have announced.
The 60-year-old, whose personal wealth is estimated at ÂŁ1.3billion according to American business magazine Forbes, has been given the go-ahead to complete the purchase of a 49.9 per cent stake in the club.
An Everton statement read: "Everton Football Club has today received notification that the proposed investment into the club by Farhad Moshiri has been approved by the Premier League"
The Toffees announced the Iran-born Briton's new investment late last month and he could now attend Saturday's FA Cup quarter-final with Chelsea at Stamford Bridge.
It follows a ten year long search for new investment by chairman Bill Kenwright - who has described Morshiri as the 'perfect partner to take the club forward'