Everton’s major shareholder Farhad Moshiri increases stake in club to 68.6%

11 September 2018 01:43
• Monaco-based investor purchases further 18.7% of shares• Expected to increase stake to 77.2% ‘no later than July 2019’Everton’s major shareholder and investor, Monaco-based Farhad Moshiri, has taken his ownership of the club above 50% with the purchase of a further 18.7% of the shares, the club has announced.The club confirmed in a statement that Iranian-born Moshiri had agreed to extend his shareholding, which is held via his Isle of Man registered company Blue Heaven Holdings, when he first bought 49.9% of the club in March 2016. At that time, documents registered in the Isle of Man showed that Everton’s three remaining substantial shareholders, the chairman Bill Kenwright, director Jon Woods and long-term shareholder Arthur Abercromby, had agreed to sell further shares to Moshiri. The club said Moshiri expects to purchase further shares and take his ownership above 75%, effectively the threshold for decision-making control, by July next year. Related: Playmaker Pickford recognises the limits of his footballing ability Continue reading. . read full article

Source: TheGuardian