Farhad Moshiri has increased his shareholding in Everton to over 94%.
Moshiri’s Blue Heaven Holdings converted £100 million worth of loans into a capital injection which strengthens his position in the Goodison Park club.
The British-Iranian billionaire, who first took control in 2016, has acquired a further 33,333 shares of the Blues, which will improve their balance sheet.
In an open letter to supporters, he attempted to provide assurances that the club’s search for a new manager will be taken with the utmost consideration.
“I am a private man and I do not speak publicly very often. But I promise you that my determination to deliver for Everton will not waver,” said Moshiri.
“The strategic football review that is currently ongoing will ensure we have the best model in place moving forward.
“I am working closely with the chairman and the board as part of that strategic review – and I can assure you the recruitment process for a new manager is aligned to that.
“It is vital we appoint a manager who fits the structure we are putting in place and so, whilst we are keen to make an appointment as quickly as possible, we will work together to ensure it is the right candidate to deliver the success we all crave.”