Latest news with #Moshiri
Yahoo
16-05-2025
- Business
- Yahoo
Farhad Moshiri wealth soars after Everton sale as former club owner rockets up Rich List
Following his sale of Everton, Farhad Moshiri has rocketed up the Sunday Times Rich List, but his wealth is still dwarfed by Dan Friedkin who purchased his majority shareholding in the club. Moshiri had a controlling stake in the Blues from February 2016 to December 2014, but despite being the owner who delivered the club's new 52,888 capacity stadium on the Mersey waterfront as they prepare to depart Goodison Park for Bramley-Moore Dock, they were also hit by an unprecedented brace of points deductions for PSR rule breaches during his tenure. After actively seeking to sell up for almost two-and-a-half years, the Iran-born businessman finally offloaded his shares to The Friedkin Group with a takeover deal understood to be worth in excess of £400million being confirmed six days before last Christmas. READ MORE: Managerial great stunned by what Everton did to Man Utd - 'I've seen Brazil play in blue' READ MORE: David Moyes makes midweek Goodison Park visit as hint dropped over Seamus Coleman Everton role Moshiri has moved 38 places up the list from 112th to 74th with the estimation of his personal fortune having increased by £758million, on a list that sees Manchester United's part-owner Sir Jim Ratcliffe as the biggest faller with a £6billion decrease over 12 months to £17billion (moving down from fourth to seventh place). Other points of note include Home Bargains founder Tom Morris, 71, being named as the richest person in Liverpool's history, as despite dropping one place from 25 to 26, his fortune is estimated to have risen by £316million to £6.989billion while Merseyside-born brothers Tom and Phil Beaton, who own Everton's kit manufacturer Castore, make their Rich List debut in 345th place with an estimated worth of £350million. Given that he doesn't have a residence in the UK, Everton owner Dan Friedkin is not on the list. However, the Bloomberg Billionaires Index, a daily ranking of the world's richest people, currently has him in 278th place and calculates the 60-year-old Gulf States Toyota CEO as having a net worth of $10.9billion (approximately £8.19billion), which for context would place him 21st on the Sunday Times Rich List if he lived in this country.
Yahoo
16-05-2025
- Business
- Yahoo
Farhad Moshiri reveals his 'biggest sadness' as Everton owner - 'I wish I'd been able to'
Farhad Moshiri has revealed that his biggest "sadness" was not attending more matches as Everton owner. The Iranian-born businessman also claimed he invested £400million into the club's new stadium and hopes it can help "bridge the gap" to the elite. 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. READ MORE: Farhad Moshiri wealth soars after Everton sale as former club owner rockets up Rich List READ MORE: Everton scouting mission set to wrap up as summer targets begin to emerge He 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."
Rhyl Journal
13-05-2025
- Business
- Rhyl Journal
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.'
Leader Live
13-05-2025
- Business
- Leader Live
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.'
South Wales Guardian
12-05-2025
- Business
- South Wales Guardian
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.'
