Farhad Moshiri – Billionaire

Iranian-British businessman and investor Farhad Moshiri bought a nearly 50% stake in British soccer club Everton in February 2016. To do the deal, the London resident sold his smaller stake in its soccer rival Arsenal to Russian billionaire Alisher Usmanov, his partner in many deals and investments. An accountant by training, Moshiri once worked for such firms as Ernst & Young and Deloitte Touche. After meeting Usmanov in the early 90’s, he became his minority partner in several projects. Alongside Usmanov, he has stakes in Russian mining and steel manufacturing giant Metalloinvest and Russian wireless operator Megafon.

Moshiri worked for Ernst & Young, PKF and Deloitte.^[7]

Moshiri and longstanding business partner Alisher Usmanov were co-owners of Red & White Holdings, which bought 14.65% of the shares in Arsenal F.C. from former club vice-chairman David Dein in August 2007. On 18 September 2007, Red and White Holdings increased their stake in Arsenal to 21%, and on 28 September 2007 to 23%, a week after Moshiri announced that he wanted at least a 25% holding in the football club. As of June 2012, Red and White Holdings have acquired at least 29.72%. Arsenal managing director Keith Edelman told BBC Radio 5 Live, “They’ve said previously they are not going to make a bid for the company and they want to be long-term shareholders.”^{[citation needed]}

In February 2016 it was announced that Moshiri had sold his stake in Arsenal Football Club to Red & White Holdings partner Usmanov in a bid to raise capital required to launch a takeover at Everton F.C.^[8] On 27 February, the club officially confirmed Moshiri’s purchase of a 49.9% stake in the club, which was ratified two weeks later by the Premier League. He currently part owns Everton F.C.

Source:

1. forbes

2. wikipedia