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Fejiri Okenabirhie celebrates his goal for Shrewsbury at Stoke in the FA Cup1

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Everton FC news: Farhad Moshiri increases majority stake

Farhad Moshiri: Everton's biggest shareholder
Farhad Moshiri: Everton's biggest shareholder

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".

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Most Read Football

Fejiri Okenabirhie celebrates his goal for Shrewsbury at Stoke in the FA Cup1

FA Cup replays: Stoke stunned

Stoke stunned as Shrewsbury stage fightback, Sheff Wednesday and Newcastle advance - we review Tuesday's FA Cup replays.

The latest done deals and transfer rumours with Sporting Life
2

The Transfer Market: Live

Keep up with all the latest transfer news reports and rumours along with the details of all the done deals and latest betting odds.

Harry Kane has scored 25 goals in 36 appearances this season3

Harry Kane out until March

An ankle ligament injury will keep Tottenham and England striker Harry Kane out until March.

Ryan Babel: The 32-year-old has joined Fulham until the end of the season4

Fulham sign ex-Liverpool winger

Fulham have completed the signing of former Liverpool forward Ryan Babel from Besiktas.

Get all the latest football gossip from the day's back pages5

Paper Talk: Morata to Madrid

The latest from the back pages, including Alvaro Morata in talks with Atletico Madrid ahead of a move back to Spain

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