Farhad Moshiri pledges funds to keep Everton's stars and attract new talent
Everton's new majority investor Farhad Moshiri has pledged to provide the finance to buy new players and keep existing stars.
The Iranian billionaire, whose 49.9 percent share purchase at a reported cost of £85million was ratified by the Premier League this week, also insists he will tackle the club's stadium issue.
"I know a lot of you want to know what my plans are," said Moshiri, writing in the programme for Everton's FA Cup quarter-final at home to Chelsea - which is expected to be his first attendance at Everton in an official capacity.
"There is much to be done and things for me to learn but I can confirm that I have committed to providing additional funds for transfers and retaining our key players to ensure that we have a strong core to build on for the future.
"We will also be looking at the best options in relation to our stadium.
"Goodison Park has served the club extremely well but we need to make sure the club has a suitable stage to perform on for the future.
"We will review the best options and how to finance, especially as it is likely to cost a little more than the £3,000 it apparently did back in 1892."
Everton have identified a site on the nearby Walton Hall Park for a new stadium but progress has stalled after a row with Liverpool City Council over funding contributions.