Farhad Moshiri reveals £400million investment in Everton's new stadium
The Toffees will play their final competitive game at Goodison Park on Sunday before moving into their new arena at Bramley-Moore Dock next season.
Moshiri's eight-year tenure, which ended when he sold his holding to the Friedkin Group last year, was blighted by a number of controversies but the construction of the new stadium was one positive, tangible legacy.
The British-Iranian businessman told Sky Sports News: 'We were all in love with Goodison. I was in love with Goodison. Nobody wanted to move.
'But the reason we had to leave was partly infrastructural, partly financial.
'I had to put in £400million. The rest had to come from other investors.'
The new stadium cost around £750million and has a capacity of 52,888. It has already held its first two test events, at reduced capacities, with a third to take place over the summer.
Moshiri believes the stadium could make a big difference as the club, after several years of toil in the lower reaches of the Premier League, strive higher.
He said: 'The fact we have the Friedkin Group, really good custodians in a new stadium – I think this is our best chance to bridge the gap.
'Our fans have suffered far too long.'
Moshiri's reign was marked by financial problems, on-field struggles and a high turnover of managers.
He said: 'My biggest sadness is not to have attended more games. I wish I'd been able to but I was constrained by my work. I have no regret.'
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