Everton majority shareholder Farhad Moshiri has increased his stake in the Premier League club.
The Iranian businessman acquired 49.9 per cent of the Merseyside club after selling his stake in Arsenal in February 2016 and it was announced on Tuesday he had increased his share by 18.7 per cent through Blue Heaven Holdings Ltd.
Moshiri, whose personal wealth is estimated at 1.7billion US dollars according to Forbes, has therefore taken his total holding to 68.6 per cent.
"Everton Football Club today announces that major shareholder Farhad Moshiri has further committed to and increased his shareholding in the club," said a short statement on the Everton website.
Everton further revealed Moshiri "is expected to increase to 77.2 per cent no later than July 2019".