Farhad Moshiri, a British-Iranian businessman based in Monaco, has been in the news due to his ownership and involvement in Everton Football Club. The Premier League has delayed the approval of 777 Partners' takeover of Everton, citing concerns over funding and financial strength. Additionally, Everton has faced repercussions for breaching the Premier League's profit and sustainability rules, resulting in a 10-point deduction. The proposed sale of Everton to 777 Partners has stalled as the firm failed to provide audited financial statements to the Financial Conduct Authority.
Farhad Moshiri was born on May 18, 1955, and is the chairman and a shareholder of USM, a diversified Russian holding company with significant interests across various sectors. He is known for his investments in sports, particularly his ownership of a stake in Everton Football Club. Moshiri's business dealings and investments have garnered attention in the media, especially in relation to his ownership of Everton and the club's financial affairs.