Everton announced the official news this morning via their social media outlets.
Farhad Moshiri has increased has his shares in Everton, the club have announced this morning.
The Iranian Billionaire, through Blue Heaven holdings ltd, has now purchased an extra 18.7% share in the club – Taking his total shares to 68.6%.
The clubs majority shareholder is also expected to further increase his shareholdings in the club 77.2% by no later than June 2019.
Moshiri first invested in Everton back in 2016, selling his stake in Arsenal to business partner Alisher Usmanov and purchasing 49.9% of Everton in February of that year.
The Billionaire had an agreement in his initial investment to be able to increase his shares in the club, and todays announcement is in line with that.