Everton gets major new shareholder, if EPL approves

LIVERPOOL, England (AP) Everton says that billionaire Farhad Moshiri is buying a 49.9 percent stake in the club, subject to the investment being approved by the Premier League.

Everton chairman Bill Kenwright says in a statement on Saturday that ''I have got to know Farhad well over the last 18 months and his football knowledge, financial wherewithal and True Blue spirit have convinced me that he is the right man to support Everton.''

Commenting on his investment in the midtable club, Moshiri said Kenwright ''has taught me what it means to be an Evertonian and I look forward with excitement to working with him to help deliver success for Everton in the future.''