English Premier League club Everton have announced that Iranian businessman Farhad Moshiri has bought a 49.9% stake in the club.
The club released a statement describing Moshiri as "a new major shareholder who brings the promise of new investment."
Moshiri's acquisition, however, is conditional only on the Premier League approving his investment.
It is no secret that Everton chairman Bill Kenwright has been seeking
investment for the club for a number of years and he has finally struck
a deal that he believes will benefit the club in the long run.
“After an exhaustive search I believe we have found the perfect partner to take the Club forward," said Kenwright.
"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.”
Moshiri added: “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.”
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