Everton owner, Farhad Moshiri has committed another £100m to the Premier League club after increasing his stake to 94 per cent.
The Iranian businessman, who has already spent over £500m on transfers since his £200m takeover in 2016, is converting loans from his Blue Heaven Holdings into equity.
Last February 100,000 new shares were issued and he has purchased the final third of those, having already acquired 66 per cent 12 months ago.
The move, announced in a letter to fans, provides a much-needed boost to Everton’s finances, having posted a combined £265m loss for the last three financial years.
It is understood the new money will boost the club’s transfer options and stadium project at Bramley-Moore Dock.
