Everton's major shareholder Farhad Moshiri has increased his stake in the Premier League club.
The Iranian businessman acquired 49.9% of Everton after selling his stake in Arsenal in February 2016 and it was announced on Tuesday he had increased his share in the Merseyside club by 18.7% through Blue Heaven Holdings Ltd.
Moshiri, whose personal wealth is estimated at €1.5bn according to Forbes, has therefore taken his total holding to 68.6 per cent. He is expected to elevate that further to 77.2% by July next year.
A statement on the club's official website read: "Everton Football Club today announces that major shareholder Farhad Moshiri has further committed to and increased his shareholding in the club.
"Farhad Moshiri previously owned 49.9% of the club and in line with the agreement made at the time of his original investment, he has purchased 18.7% through Blue Heaven Holdings Ltd, giving him a total holding of 68.6%, which is expected to increase to 77.2% no later than July 2019."
