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Moshiri puts another £100m into Goodison club

Document Cited in Related
Vincent
Published date22 January 2022
Publication titleDaily Post - North Wales Edition (Wales)
the Iranian businessman, who has already spent over half-a-billion pounds on transfers since his £200million takeover in 2016, is converting loans from his Blue Heaven Holdings into equity

Last February 100,000 new shares were issued and he has purchased the final third of those, having already acquired 66 per cent 12 months ago.

the move, announced in a letter to fans, provides a much-needed boost to

Everton's finances, having posted a combined £265m loss for the last three financial years.

"I write to you to assure you that my commitment remains strong and focused," Moshiri said in his letter.

"the club has announced the conversion of a £100m loan to the club into equity which is a clear demonstration of my commitment and greatly strengthens the balance sheet.

"I am a private man and I do not speak publicly very often. But I promise you that my determination to deliver for Everton will not waiver."

It is understood the new money will boost the club's transfer options and stadium project at Bramley-Moore Dock.

the investment comes as Moshiri is currently looking for the seventh permanent manager of his tenure having sacked rafael Benitez last week after an ill-fated 200 days in charge.

While former striker Duncan Ferguson has been placed in caretaker charge, the club have been criticised for having a lack of direction and forward planning having recently dispensed with their director of football, head of medical science, head of...

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