Farhad Moshiri has increased his controlling stake in Everton to 94 per cent by pumping in £100million of capital – as he wrote to fans to address their mounting frustrations.
Moshiri, who bought into Everton in February 2016, has bought another 33,333 shares through the investment vehicle True Blue Holdings. This move was flagged when the club announced their financial results in December 2020 but the move reaffirms the Iranian's commitment.
He has turned loans into shares to improve the club's balance sheet and it helps Everton, who suffered a staggering loss of £139.9m for the financial year 2019-20, continue to steer their way out of the pandemic towards a future where they will move to a new stadium at Bramley Moore Dock.