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Robert Earl has sold his shares as part of the deal to bring businessman Farhad Moshiri to Everton .

And Bill Kenwright and Jon Woods have reduced their stake at Goodison to allow the Iranian investor Moshiri to become the majority shareholder.

Moshiri is poised to take a 49.9% stake in the Blues but is awaiting Premier League ratification.

Earl owned roughly 24% of Everton and along with Kenwright (26%) and Woods (19%) held the controlling interest.

But Moshiri will now come in as the biggest single shareholder after Earl offloaded his shares.

Everton will not release the exact make-up of the restructured shareholding until 60-year-old Moshiri’s purchase has been cleared by the authorities.

But by becoming the biggest single shareholder at the club, Moshiri will be seen as the new ‘de-facto’ owner of Everton, even though no one person owns the club.

Kenwright will remain as chairman and Woods will stay on as part of a newly formed three-man board at Goodison.