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Moshiri increases stake in Everton to 68.6 per cent

Farhad Moshiri (pictured, right) has increased his stake in English Premier League club Everton to become the majority shareholder.

The club announced the Iranian businessman’s Blue Heaven Holdings Ltd has increased its stake from 49.9 per cent to 68.6 per cent after purchasing shares from club chairman Bill Kenwright, director Jon Woods and long-term shareholder Arthur Abercromby. Moshiri is also expected to increase his shareholding in the club to 77.2 per cent  by no later than July 2019.

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