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Bigger Everton stake for Moshiri helps stadium plans

A move from Goodison Park to a new stadium in Bramley Moore dock is key if Everton are to reclaim their former status as a top six club. An increase in Farhad Moshiri's stake in the club to 77.2 per cent by 2019 should help to attract the required finance.

Liverpool City Council are prepared to loan Everton £280m towards the plan, leaving the club to find the remaining £220m.

The Iranian billionaire bought 49.9 per cent of the club in 2016 but acquired another 18.7 per cent in accordance with an existing agreement. It is understood that he bought out the 8.9 per cent stake of John Woods and the around 3 per cent of Arthur Abercromby.

Bill Kenwright, the chairman, has cut his stake from 12 per cent to 5 per cent. Lord Grantchester is likely to be the club's second largest shareholder with 8 per cent. He is one of 92 remaining hereditary peers in the House of Lords, having won a by-election to represent Labour by two votes to one.

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