Everton owner Moshiri increases club stake: I'm staying! | OneFootball

Everton owner Moshiri increases club stake: I'm staying!

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Tribal Football

Everton owner Farhad Moshiri says his "commitment remains strong and focused" to the club after "a £100m capital injection" took his stake to 94.1%.

Moshiri has bought more shares in the club which "represents the capitalisation of previous loans".

It comes after Everton sacked manager Rafael Benitez and put Duncan Ferguson in temporary charge.

"I promise you that my determination to deliver for Everton will not waiver," said Moshiri.

Former Liverpool boss Benitez was controversially appointed by the Goodison Park club in the summer but was dismissed with the team 16th in the Premier League.

"It has been a difficult season to date - with results not meeting the expectations of anyone associated with the club," said Moshiri in an open letter to fans.

"As a result, the decision was taken last weekend to part ways with Rafa Benitez as our manager.

"After a very disappointing run of results, it was the right decision for the club - although it is never one that is taken lightly.

"I understand the frustration felt by everybody who loves Everton because of our inconsistent form in recent seasons, despite significant investment in the playing squad."

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