Everton’s major shareholder increases stake again
6 June 2019
Farhad Moshiri, Everton’s majority shareholder, now owns 77.2 per cent of the club’s shares.
The move follows through on the intention Moshiri announced last September, after his previous ownership expansion.
Everton announced on Thursday that majority shareholder Farhad Moshiri has increased his holding in the club to 77.2 per cent.
This increase comes after Moshiri lifted his shareholding in September 2018 from 49.9 per cent to 68.6 per cent, and confirmed that he expected to increase it further to 77.2 per cent no later than July 2019.
The new increase has now been achieved with the purchase of an additional stake of just over 8.6 per cent from the Grantchester family.
Money of importance
Back in February 2016, Moshiri paid £87.5 million for his original 49.9 per cent stake, valuing the club at £175 million. The Toffees have not announced how much the increase in shareholding has cost Moshiri.
The stake increase is of great importance to Everton as the club in 2018 reported a stunning operating loss of £98 million. The club lost £13 million of their bottom line despite a turnover of £189 million, which is more than a doubling of the club’s 2013 revenue.