Billionaire EPL side Everton Owner Farhad Moshiri will back Manager Ronald Koeman if "he wants to buy players in the January transfer window and will push forward with plans for a new stadium" to compete in what he called "the new Hollywood of football," according to Ken Ferris of REUTERS. Moshiri: "We have no restrictions to spend. The manager is totally committed and ruthless; if a player is not up to it he uses another player and eventually he buys one. I support him. The job of the owner and chairman is simply to hire and fire a manager. The rest is down to him." Moshiri added, "We don’t have the flexibility Chelsea and Manchester City had in the days prior to Financial Fair Play. We can only spend what we spent last year plus £7 million ($8.7M) and increasing commercial income. So, the way to compete is a big stadium." Moshiri, who became the club’s majority shareholder earlier this year, said that he had decided on the location of a new stadium. He said, "I went to Liverpool a few weeks ago with (chair) Bill (Kenwright to look at potential sites in Bramley Moore dock and Stonebridge Cross). ... I can reassure fans they will have a stadium that rewards their loyalty and their passion for the club. That is my key aim." Everton has been at Goodison Park since 1892 but Moshiri has "made it one of his priorities to build a new ground" so the Merseyside club can fulfill its ambitions (REUTERS, 11/7).
