Everton Football Club’s Board of Directors is proposing to create and issue new shares to Mr Moshiri’s Blue Heaven Holdings Limited.

Mr Moshiri is currently the Club’s majority shareholder with 77.2% and this proposal - representing up to an additional £250,000,000 of investment - further underlines his long-term commitment to the Club.

This investment will provide a welcome injection of capital into the Club as it continues to address the significant financial challenges presented by COVID-19.

It will include the capitalisation of some previous loans made by Mr Moshiri into equity and greatly strengthens the Club’s balance sheet.

A letter detailing the proposal and the associated process will be sent to all Shareholders in due course.