Farhad Moshiri's investment in Everton now stands at a staggering £350m as the club accounts reveal his latest injection of cash.
The majority shareholder had already pumped in £250m in the form of loans, which are treated as equity, to help fund transfers, new stadium plans and to tackle debt, for example.
But it has emerged that Moshiri injected an additional £50m during the last financial year, which covered a 13 month period from the end of May 2018 to the end of June 2019.
The billionaire has since topped that up by an extra £50m to bring his personal commitment to the club to eye-watering levels.
Everton general meeting LIVE - Farhad Moshiri speaks, new stadium update and accounts revealed
Combined with his purchase of over 77% of shares and Moshiri has spent in the region of half a billion pounds at Everton since early 2016.
The Blues' accounts have today confirmed a record loss of almost £112m and the club have said fresh investment from the 64-year-old has been “vital” in “one of the most significant periods of transition”.
Chief executive Denise Barrett-Baxendale said: “Mr Moshiri's investment has been vital and impactful.
“It has allowed us to set ambitious goals and put in place long-term plans to deliver those goals.
“However, his investment has inevitably had a short-term impact on our short-term profitability.”
She added: “We want to challenge at the very top of the game but in the modern Premier League-era it is extremely difficult to permanently break the virtuous cycle enjoyed by the richest teams in our league without this period of investment.
“Up-front investment can help break these barriers and access important additional revenue.”
The latest loans, which come interest fee and with no fixed repayment date, have mainly been used to fund transfers but the money has seen net debt reduced to £9.2m.
Moshiri's money has also seen a refinancing of Everton's lending with Prudential, improvements at Goodison, Finch Farm and the acceleration of plans for a new stadium at Bramley-Moore Dock.
