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Farhad Moshiri has increased his controlling stake in Everton to 94 per cent by pumping in £100million of capital – as he wrote to fans to address their mounting frustrations.
Moshiri, who bought into Everton in February 2016, has bought another 33,333 shares through the investment vehicle True Blue Holdings. This move was flagged when the club announced their financial results in December 2020 but the move reaffirms the Iranian's commitment.
He has turned loans into shares to improve the club's balance sheet and it helps Everton, who suffered a staggering loss of £139.9m for the financial year 2019-20, continue to steer their way out of the pandemic towards a future where they will move to a new stadium at Bramley Moore Dock.
Farhad Moshiri has increased his controlling stake in Everton to 94 per cent by pumping in £100m
Everton are steer their way out of the pandemic towards a future where they will move to a new stadium at Bramley Moore Dock
It is the present that is of most concern to Evertonians, though, and Moshiri – who is looking for his sixth manager in six years – is aware of the discontent that reached a nadir last weekend when Rafa Benitez was sacked following a 2-1 defeat at Norwich.
Duncan Ferguson will be interim manager this weekend and there is no timescale for when – or if – he will step aside for a new man. Everton have been linked with a number of candidates, from Wayne Rooney and Roberto Martinez to Frank Lampard and Fabio Cannavaro.
In the letter, Moshiri says: It has been a
