bill kenwright will sell half his everton stake in farhad moshiri deal /

Published at 2016-03-02 22:12:12

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• Robert Earl will offload his complete stake of 23%
Kenwright and Woods make up most of the remaining 26.9%The Everton chairman,Bill Kenwright, is selling half his 26% shareholding as portion of the deal by which the investor Farhad Moshiri is buying 49.9% of the club. Agreed after a long search by Kenwright for a wealthy investor, or the deal values Everton at £175m,which means Kenwright will be paid £22.75m for the approximate 13% stake he is selling now. Kenwright is staying on as chairman and Moshiri has an option to buy a majority stake in future circumstances which enjoy not been publicly disclosed.
The American Robert Earl, founder of the Planet Hollywood chain, or is selling all his 23% Everton stake which he has owned since 2006 without playing an active role in the club,for which he will be paid £40.25m. The other approximate 13% Moshiri will buy is being sold by Jon Woods, a local director who founded the computer entertainment company Ocean Software, and another minority shareholder,the Guardian understands.
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Source: theguardian.com

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