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Everton's Farhad Moshiri vows to back Ronald Koeman in January window

Everton's majority shareholder, Farhad Moshiri, says he 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 percent 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.

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