Farhad Moshiri has pledged to invest a further £250 million in Everton.
Moshiri’s Blue Heaven Holdings owns a majority stake of 77.2 per cent in the Goodison Park club but his new proposal would place that figure at over 90%.
The British-Iranian billionaire has spent £400m on the Blues since 2016 and would add a further quarter of a million if his new share issue is accepted.
News of Moshiri’s planned new investment on Friday coincided with Everton announcing record losses of £139.9m from the financial year ending June 30.
Impact from the coronavirus pandemic, with Carlo Ancelotti’s side playing games behind closed doors since June, were cited as a contributing factor.
Goodison officials had been on course to post record revenues in the region of £220m prior to the virus shutting down the Premier League in mid-March.
Costs attributed to the pandemic, which incorporated the impact on broadcasting, commercial and match days revenues, amounted to £67.3m.
Everton also revealed that more than 50% of the total cumulative spent to-date for a new stadium at Bramley-Moore Dock was contained in the account.
The club’s net debt was reduced to £2.3m, down from £9.2m in the previous year, and included Moshiri contributing an additional £50m in that period.
Denise Barrett-Baxendale, Everton’s CEO, said: “Clearly this has been a very challenging year, not least from a financial perspective with the impact of COVID-19 having a profound, wide-reaching and material impact on our figures.
“Prior to the pandemic, we were forecasting record revenues in excess of £200m. Our final accounts show that a significant proportion of our losses have been directly attributable to the pandemic.
“However, in this period, it is encouraging that our commercial performance has improved markedly, and this will continue to be a priority moving forward.
“We have also continued our investment into both our new stadium project – which continues to progress in line with our project plan – and, importantly, in strengthening our management and playing staff through the arrival of Carlo Ancelotti and some key additions to our first-team squad.
“These strategically important projects have been enabled by our majority shareholder, who has further underlined his commitment with additional investment into the club, in 2019/20 and into this financial year.
“While navigating through this period of crisis, it was a priority for the Board of Directors to do everything we can to do the right thing for our fans and our community.
“We are incredibly grateful to our supporters for their understanding and patience throughout 2020 – as well as the support and generosity they have shown my colleagues at the club and at Everton in the Community who have now directly supported more than 25,000 families across the Liverpool City Region through our Blue Family campaign.”