English Premiership

Moshiri becomes majority shareholder of Everton

2018-09-12 11:07
Farhad Moshiri
Farhad Moshiri (Getty Images)

Cape Town - Farhad Moshiri has become Everton's majority shareholder, the club have confirmed, after increasing his stake in the Premier League side to 68.6%.

The 63-year-old was a co-owner of Red and White Holdings, alongside Alisher Usmanov, when they owned 29.7% of Arsenal.

However, he sold his part of the holding to Usmanov in 2016 to purchase 49.9% of Everton.

Moshiri has now invested further in the Toffees to take his holding close to the 70% mark.

“Farhad Moshiri previously owned 49.9% of the club and in line with the agreement made at the time of his original investment, he has purchased 18.7% through Blue Heaven Holdings,” Everton said.

The British-Iranian businessman now holds 68.6% of the club and Everton also revealed that he “is expected to increase to 77.2% no later than July 2019.”

Read more on:    everton  |  english premiership  |  soccer
NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Saturday, 24 November 2018
Fulham v Southampton, Craven Cottage 17:00
Everton v Cardiff City, Goodison Park 17:00
West Ham United v Manchester City, London Stadium 17:00
Manchester United v Crystal Palace, Old Trafford 17:00
Brighton & Hove Albion v Leicester City, The American Express Community Stadium 17:00
Watford v Liverpool, Vicarage Road Stadium 17:00
Tottenham Hotspur v Chelsea, Tottenham Hotspur Stadium 19:30
Sunday, 25 November 2018
AFC Bournemouth v Arsenal, Vitality Stadium 15:30
Wolverhampton Wanderers v Huddersfield Town, Molineux Stadium 18:00
Monday, 26 November 2018
Burnley v Newcastle United, Turf Moor 22:00
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Who will claim the Premier League title at the end of the 2018/19 season?

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.