Farhad Moshiri's deal to become Everton's new major shareholder has been approved by the Premier League.
The Iranian-British businessman had agreed to buy a 49.9% stake in the club on Friday February 26 subject to the league ratifying the deal through its fit and proper person’s test.
And, after being given the go-ahead on Tuesday afternoon, 60-year-old Moshiri is now the biggest shareholder at Goodison Park.
The former Arsena; stakeholder has already stated that funds will be available to manager Roberto Martinez to strengthen his squad in the summer.
Moshiri, who is valued at £1.3bn, will also look to help fund either a new stadium for the Toffees, or to renovate Goodison itself.
Evertonians may get their first glimpse of Mr Moshiri at Saturday’s FA Cup quarter-final home tie against Chelsea.
And it is also expected that, now that the deal has been approved, Mr Moshiri will outline his plans for the club in the near future.
So to me that says Martinez will be keeping his job. Interesting. And the Premier League had better have checked everything. I don't trust them at all