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Everton majority investor Farhad Moshiri pledges money for players

LONDON, ENGLAND - OCTOBER 24:  John Stones of Everton looks on during the Barclays Premier League match between Arsenal and Everton
Image: John Stones has been repeatedly linked with a move in recent transfer windows

Everton's new majority investor Farhad Moshiri has pledged to invest in new players and keep the club's existing star names.

The news will be welcomed by supporters who have endured months of speculation regarding John Stones' future, while Kevin Mirallas and Romelu Lukaku have also been linked with big-money moves.  

Iranian billionaire Moshiri, whose 49.9 percent share purchase at a reported cost of £85m 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.

"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.

A general view of Walton Hall Park, the proposed site for Everton's new stadium
Image: A general view of Walton Hall Park, the proposed site for Everton's new stadium

"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."

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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.

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