Monday, 6 November 2017

Paradise Papers raise questions over Everton's biggest shareholder

Everton's biggest shareholder is facing questions over the ownership of the club in the wake of the so-called Paradise Papers leak.
The documents, relating to the financial affairs of some of the world's top business people, companies and well-known figures including the Queen, was released to a panel of news organisations including The Guardian newspaper and the BBC.

Contained within the 13.4 million records were documents relating to Farhad Moshiri and links to Alisher Usmanov.

It is claimed the papers suggest Mr Moshiri was gifted funds by the Russian oligarch to buy a joint 30% stake in Arsenal.

Mr Moshiri sold his shares to Mr Usmanov in February 2016, with the businessman going on to purchase a 49.9% holding in Everton last year.

The claims were seen as raising questions about who actually owns what in which club and whether Premier League ownership rules - which forbid any large investor from having holdings in multiple clubs - have been broken in the process.

SKY         News.