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Everton to receive £100m of transfer funds from new owner Farhad Moshiri

Everton's new majority shareholder Farhad Moshiri is set to inject £100million into the Toffees transfer market war chest.

The Daily Mirror is reporting the Iranian businessman is set to set to finalise his share purchase on Wednesday, when he will become the largest single stakeholder in the club.

It is understood Moshiri will deliver on his promise of major investment, which should allow manager Roberto Martinez to strengthen his squad during the summer, as well as hold onto a number of key players including the likes of John Stones, Ross Barkley and Romelu Lukaku.

Current Chairman Bill Kenwright has retained his stake in the club, but it is understood Moshiri is eventually planning to assume full control of the Merseyside club.

Moshiri purchased 17,000 shares in Everton at approximately £5,000, meaning he now owns a 49.9 per cent stake of the club.

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Gerard Laws
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