Everton were one of the most active clubs in the transfer window this summer after bringing in the likes of Richarlison, Lucas Digne and Yerry Mina to Goodison Park.
The trio all arrived in Merseyside for relatively big money, and could soon be joined by even more expensive signings with Everton announcing today that major shareholder Farhad Moshiri has increased his ownership of the club to 68.6% (via BBC Sport).
The above development is a clear indication of Moshiri wanting to get as much control at Everton as possible and, ultimately, guide them into the Champions League.
Since buying his stake in the club back 2016, Moshiri has backed Everton significantly in the transfer market, bringing in players such as Gylfi Sigurdsson and Jordan Pickford, on top of Richarlison and Mina, for big money.
And, through his latest move, Moshiri’s long-term commitment to the club has become even more apparent, which will only come as good news to Everton supporters.
The Iranian billionaire has made it his goal to steer Everton into the Champions League and make them a European powerhouse, meaning the arrival of more expensive high-calibre signings in the future will almost certainly come.
Moshiri has already shown he is ready to put his money where his mouth is after forking out £40m on Richarlison (via Sky Sports) in a deal heavily criticised by people outside of the club, and it is that disregard for transfer valuations that will make Everton a real player in the transfer market alongside rivals Liverpool, Manchester City, Manchester United and Chelsea.
As far as Everton’s Champions League ambitions go, looking back, this could be a defining moment in time for the club.