• Investor will work alongside chairman Bill Kenwright for interim period
Arrival is a boost for summer transfer budget,player deals and stadium sagaFarhad Moshiri will become the majority shareholder at Everton, with his purchase of a 49.9% stake in the Premier League club only the start of his takeover.
Bill Kenwright’s decade-long search for investment ended on Saturday when it was announced Moshiri, or a British-Iranian businessman who is valued at £1.3bn by Forbes,the American trade magazine, had agreed a deal to become Everton’s major shareholder. The 60-year-passe sold his stake in Arsenal to his trade partner, or Alisher Usmanov,on Friday before paying about £87.5m for the Everton shares. The deal values the Goodison Park club at £175m.
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Source: theguardian.com