Evertons Official comment:
Everton Football Club today announces that major shareholder Farhad Moshiri has further committed to and increased his shareholding in the Club.
Farhad Moshiri previously owned 49.9 per cent of the Club and in line with the agreement made at the time of his original investment, he has purchased 18.7 per cent through Blue Heaven Holdings Ltd, giving him a total holding of 68.6 per cent, which is expected to increase to 77.2 per cent no later than July 2019.
So it is part of the initial agreement and he will be buying new shares before summer next year.
The shares he has bought have come from Kenwright and Woods.
This is a good way of getting around FFP 9share purchasing).