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The billionaire businessman set to invest at Everton became frustrated at his lack of influence at Arsenal despite ploughing millions into the club.

Farhad Moshiri is set to take a 49.9% stake in the Blues after the club’s decade-long search for a cash injection.

Moshiri had held a 15% stake at Arsenal under the umbrella of Red and White Holdings.

Business partner Alisher Usmanov also held 15% but the pair were unable to secure a seat on the board at the Emirates.

And on Friday, it was confirmed that Moshiri had sold his shares to Usmanov, paving the way for his arrival at Goodison.

The 60-year-old met with the Arsenal Supporters’ Trust on a number of occasions and spelt out what his plans would be, if able to get into a position of power at the club.

But unable to land a seat in the boardroom, Moshiri became exasperated with the situation and so has turned to Everton.

The Arsenal supporters who met with the Iranian found him to be very business-like but his enthusiasm to be more involved with the running of the club - and investing in it - was clear.

They were left with the distinct impression that he viewed his role at a Premier League football club as hands-on and not one where he would be happy to just sit on his investment.

It has been claimed that he and partner Usmanov had looked into investing at Manchester United before doing so at Arsenal.

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