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Everton chief Farhad Moshiri vows to back 'ruthless' Ronald Koeman with transfers amid plans for new stadium

Everton's majority shareholder Farhad Moshiri will back 'ruthless' manager Ronald Koeman in the transfer market while trying to improve things off the pitch himself.

The Iranian billionaire, a 49.9 per cent stakeholder, is pushing ahead with plans for a new stadium which 'rewards the loyalty and passion of fans'.

Moshiri stressed the only way the club could compete in the 'new Hollywood of football' which is England's north west was to improve commercial income but insisted in the meantime Koeman would get what he wanted to build the squad.

Everton boss Ronald Koeman will get all the backing he wants in the transfer market
Everton boss Ronald Koeman will get all the backing he wants in the transfer market
Majority shareholderu00a0Farhad Moshiri (left), pictured with chairmanu00a0Bill Kenwright, is also planning a new stadium for Everton
Majority shareholder Farhad Moshiri (left), pictured with chairman Bill Kenwright, is also planning a new stadium for Everton

'We have no restrictions to spend,' he told talkSPORT.