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Everton News

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Everton ownership picture still unclear via Royal Blue Mersey

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Will Moshiri be calling the shots?

Everton announced yesterday that former Arsenal part-owner Farhad Moshiri was taking over as the major stockholder at the club. The Iranian businessman has purchased 49.9% stake at the club. He had earlier sold off his stocks in the Gunners to be able to complete this purchase by Premier League rules.

Planet Hollywood mogul and American businessman Robert Earl is reported to have given up his 24% stake at the club, but it is not clear whether he will be leaving the club or will remain on the Board in a ceremonial capacity.

Bill Kenwright held 26% and fellow Board member Jon Woods held 19%, but both have reduced their shares to accommodate for the remaining 25.9% to make up Moshiri's total. Among the minor owners at the club, Lord Granchester has 9 per cent, and the rest is owned by small stakeholders.

While the new ownership percentages for the remaining current owners is yet to be announced, it is expected that the picture will clear up once the Premier League has sanctioned the buyout.

What is interesting to note is with Moshiri holding 49.9% of the ownership, he can be outvoted should he choose to make some unpopular decisions. On the flip side, he can combine with the small stakeholders and easily make the 50.1% that would be required to make some controversial decisions, like removing anyone of their choosing from the Board, for example.


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Who is new Everton major shareholder Farhad Moshiri? via Royal Blue Mersey

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The former Arsenal part owner is reportedly set to become the majority owner at Goodison Park.

A takeover of sorts at Everton seems to be gathering pace, with reports that the former Arsenal shareholder is now going to be majority shareholder of the Toffees.


BREAKING: The Club is to have a new major shareholder in Farhad Moshiri who brings the promise of new investment. More to follow. #EFC

— Everton (@everton) February 27, 2016

The Blues had previously been linked with American duo John Jay Moores and Charles Noell, who appeared to be in the final stages of taking charge at Goodison Park in recent months.

However, that has now diminished, with the Telegraph claiming that former Arsenal shareholder Farhad Moshiri has manoeuvred himself into a position to beat that duo to the punch.

But who is this mysterious buyer that has suddenly emerged from the shadows to become the leading candidate to wrestle control from Bill Kenwright?

Well, here's what Forbes have to say on him.


Iranian-British businessman and investor Farhad Moshiri lives in London and holds shares in numerous companies in the UK and Russia, including Russian mining and steel manufacturing giant Metalloinvest, Russian mobile phone operator Megafon and Arsenal, the British soccer team.

Of course, of most interest to Everton fans is how much he is worth, and in that regard they may be somewhat disappointed. As far as Forbes are concerned, he is worth $1.79billion, around £1.4billion as of their rich list last year.

That leaves him at number 894 on the Forbes billionaire list, and the 26th richest man in Britain.

Putting those fortunes into context in the Premier League, he sits far behind the likes of Roman Abramovich of Chelsea (£5.9bn), Stan Kroenke (£4.1bn) and Alisher Usmanov (£9.4bn) at Arsenal and Joe Lewis (£3.5bn) of Tottenham Hotspur.

His wealth is more comparative to the likes of Vichai Srivaddhamaprabha of Leicester City (£1.8bn), Denis Coates at Stoke City (£1.6bn) and ahead of Liverpool owner John Henry at Liverpool (£1bn). Those figures are courtesy of a report from the Independent last year.

It his ties to Arsenal, which are particularly interesting though, with his sale of his shares in that club looking to be the driving force of the purchase of Everton.

He had, until very recently, been a major shareholder in the club alongside Usmanov, with the duo having progressively bought a number of Arsenal shares via Red & White holdings since buying 14.65% from David Dein in 2007.

However, he decided to sell those shares, having grown frustrated that the money he had invested into the Gunners was not enough to earn him a place on the board.

According to reports, that 15% share is worth around the £200m mark; with Bloomberg reporting in 2012 that they were worth $238million, basically, very similar to the sale price that has been widely reported for Everton.

Rumor so far has it that with Moshiri taking over as majority shareholder that he will keep Kenwright as club chairman. It is quite possible that Kenwright has finally identified the ideal buyer for Everton he has reportedly spent the best part of two decades searching for.

Poll

Is Farhad Moshiri an ideal owner for Everton FC?

  • Yes
  • No

246 votes | Results


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Everton set for takeover by former Arsenal shareholder via Royal Blue Mersey

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Farhad Moshiri has moved ahead of other bidders in the battle for ownership at Goodison Park.

Former Arsenal shareholder Farhad Moshiri is set to buy Everton, reports The Telegraph.

Reports on Friday, from the Daily Mail specifically, had revealed that the Blues were set to be bought by a mysterious Middle Eastern consortium after talks with Bill Kenwright.

That came as something of a surprise, after it had been thought that they were duo to sell to an American consortium led by John Jay Moores. Evertonian and former broadcaster Elton Welsby had earlier reported that the proposed takeover by the American investors group had been called off.

And it now transpires that former Arsenal shareholder Moshiri has manoeuvred himself into position to by the club ahead of the Americans. At present it is unknown whether he is operating on his own or has formed a group to buy the club, but a deal could be agreed as early as Tuesday. Moshiri is Iranian by birth, but currently resides in the UK. A British passport holder, he is believed to be worth £2bn.

It is not currently clear if he is the "Middle Easterner" referred to by multiple press outlets. The source cited in those reports are from within the club and said that the situation was too sensitive at this stage to reveal any names.

That has been confirmed by BBC Sport's Phil McNulty, who tweeted as much on Saturday morning.


@Matt_Lawton_DM hitting the nail on head with Everton takeover latest – set to be sold but not to US group.

— Phil McNulty (@philmcnulty) February 27, 2016


@stevietoffee @Matt_Lawton_DM Very likely – maybe by Tuesday but shouldn't be long in coming.

— Phil McNulty (@philmcnulty) February 27, 2016

Moshiri recently sold his stake in the Gunners to their second largest shareholder Alisher Usmanov, with the money from that sale allowing him to take ownership at Goodison Park.

He had grown frustrated with his lack of influence for his money at the Emirates, with his 30.04% not enough to earn him a place on the Gunners board.

According to the report from The Telegraph, Moshiri's willingness to allow current chairman Kenwright to remain in a position of power gives him an advantage over his rival bidders at present.

This puts yet another twist in the now long-running saga of the Everton takeover with multiple proposed owners being linked with the club but nothing concrete observed as yet.

Poll

Is Moshiri a better option for Everton than the American consortium?

  • Yes
  • No

358 votes | Results


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