When Farhad Moshiri bought almost half the shares at Everton it was like having the keys to Goodison but the club kept hold of any shares.
But after increasing his stake in the Blues to 68.6%, which will rise to 77.2% by July 2019, he could now go inside and change the locks if he pleases.
The reality is, of course, that Moshiri has shown power and authority since he arrived at the club in 2016 but there is now no doubt about his control of the club.
Chairman Bill Kenwright, who has retained a five per cent stake in the club after selling some of his shares to Moshiri, said there was no “massive significance” in this week’s shuffling of the shares pack because it was always planned report the Liverpool Echo .
But what does seem significant is the timing of Moshiri’s purchase of an extra 18.7% of the club.
As the chairman confirmed on Wednesday morning, the original plan had been for this transaction to take place in May but has happened “a wee bit earlier” to borrow his words.
It is understood that Moshiri owning almost 70% of shares, and the public declaration that more will be acquired by the summer, is a clear signal to the private sector over Everton’s suitability as a big money borrower.
Money for a new stadium, that is.
And that is why this week’s announcement does feel significant because even though the buying of more shares Moshiri reconfirms the billionaire’s commitment to the club in real terms, it will be the concrete laid down at Bramley-Moore Dock which will cement his legacy at Everton.
The Blues are now in a stronger position to ask lenders, investors and institutions for the money they need – that may be some of the near £500m required or could be all of it – to build a new stadium on the waterfront and that, with Moshiri officially as the club’s majority shareholder, can only help speed up the process.
In a meeting with Everton Football Club Shareholders’ Association this summer, Moshiri is understood to have reiterated the club’s intention for the new ground to be open in time for the 2022-23 season.
And this week’s confirmation of his new stake in Everton can only help the Blues keep to that timescale.
It’s been a process on-going since he arrived and his words in March 2016 must be considered.
“We will also be looking at the best options in relation to our stadium,” he said.
“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 in 1892.”
The events of this week have to be seen as significant.