Everton Confirm New Major Shareholder

Everton have announced that billionaire Farhad Moshiri is to become a new major shareholder at the club and brings the promise of new investment. 

Moshiri, who has sold his shares in Arsenal to Alisher Usmanov, was behind the takeover earlier on Saturday and now he would have deal with doubts about the future of the club's best players, especially John Stones who is a target for Manchester City and could fetch around £45million in the summer transfer window. Moshiri 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”.

Bill Kenwright, who will stay on as the club's chairman, said “After an exhaustive search I believe we have found the perfect partner to take the Club forward. 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”.