Everton owner Farhad Moshiri has revealed his worth after £300m loss

Everton owner Farhad Moshiri has seen his wealth plummet by £300million over the past year, according to the latest rich list published by The Sunday Times.

The publication annually publishes a ranking of the country’s wealthiest individuals, with the Iranian-born billionaire a regular figure featured during his investment in Merseyside.

The list for 2022, published this weekputs Moshiri’s wealth at £1.7bn – significantly lower than the £2bn listed in 2021.

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However, that still puts him at 105th in the latest ranking, incidentally seeing him fall 23 places from 2021 business partner Alisher Usmanov following Russia’s invasion of Ukraine.

The 68-year-old has lost the use of some of his most prized assets thanks to the sanctions imposed on him in recent months over his relationship with Vladimir Putin. Usmanov remains 11th on the list, dropping from 6th in 2021, but has seen his wealth shrink by £3.406billion to see him now worth £10billion.

Moshiri resigned from the USM board in early March and Everton suspended all sponsorship deals with companies linked to Mr Usmanov. The Blues themselves over the past year have announced another string of big losses in the latest accounts, with the impact of the Covid-19 pandemic still hitting hard.

Their owner, however, increased his stake in the club to 94% earlier in the year and reiterated his support for a new stadium at Bramley-Moore Dock. Everton confirming their Premier League status on Thursday night with a dramatic 3-2 victory over Crystal Palace would also have been good news for the billionaire.

Victor L. Jones