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Farhad Moshiri sends warning to Everton fans

Major shareholder Farhad Moshiri has warned fans it will take time to re-establish Everton among English football's elite.

The Iranian billionaire acquired a 49.9 per cent stake of the Merseyside club in February 2016 and has seen summer appointment Ronald Koeman guide the Toffees to seventh at the halfway stage of the Premier League campaign.

Everton look set to improve on last season's 11th-place finish but, speaking at the club's general meeting, Moshiri outlined his ambitions.

"It is not enough to say 'we are special'," he said. "We don't want to be a museum.