The British-Iranian businessman became the club's major shareholder last February when he acquired a 49.9% stake, buying out former director Robert Earl and part of both Kenwright and Jon Woods's holdings.
Speaking with Jim White, who has been something of a surprise conduit for his messages to supporters over the past few months, Moshiri explained how he "fell in love" with Everton and then embarked on a year's preparation before spending £85m of his fortune on a stake in the club.
"[Everton] came onto my radar during Moyes' time," he explained. "The passion of the supporters, and the fearless play against very big teams. It was a joy to watch.
"I was following the club from a distance, and then I got to know Bill and [he] educated me on the history and what the club is all about. It is just unique.
"For me there was just one big club left in England to buy and that was Everton and I fell in love with it.
"I did a year's due diligence on the club while I was spending time with Bill and I realised that the club needed three things just before buying it. It was heavily indebted, it needed a big stadium [and] commercial income was extremely low.
Farhad Moshiri on the 5-0 defeat to Chelsea
"And for our club to compete in the North West of England which is really the 'new Hollywood' of football with Guardiola, Mourinho and Klopp and we needed a star to stand on the touchline so we got [Ronald] Koeman.
"We needed to have a strong balance sheet so I've have paid the debts, so we have a very strong balance sheet, we're very flexible financially and we need a big stadium, there's no question about it. So, I think those are the three priorities that we have."
Moshiri underscored how much the club now means to him by revealing the agony of watching his new club suffer humiliation at Stamford Bridge on Saturday.
The billionaire was in attendance at the game with his long-time friend and business partner Alisher Usmanov with whom he held a 15% stake in Arsenal FC until he sold his shares to the Russian tycoon to buy into Everton.
"It was terrible," Moshiri admitted. "When [Arsenal] lost to Manchester United 8-2 I felt disappointed but, Jesus, the sheer pain of the loss at Chelsea on Saturday was immense. You just get numb.
"Saturday showed... the pain was so much deeper than when Arsenal lost and, as a majority shareholder you feel responsible. It was just unbearable and I've avoided the papers but I couldn't get it out of my mind.
"But we shouldn't forget that last year we were on a terrible run, we had the worst home record and the club is [now] going the right way.
"At the beginning of the season, our plan was to get into Europe and I think we're on target. The manager will strengthen the team in areas that's necessary so it's not all doom and gloom. It's a very unpredictable season."
Reader Comments (15)
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1 Posted 07/11/2016 at 17:52:41
For example, in the five seasons from 2006-07 to 2010-11 we were unbeaten at Stamford Bridge, drawing 1-1 on three visits, 0-0 and 3-3 on the other two. If we were offered that for our next five visits, I would take that now.
2 Posted 07/11/2016 at 18:04:24
Farhad, I hope your good friend who was present with you, also felt your pain and is now ready to come onboard?
They say things get worse before they get better, so let's hope Bonny Night put out a few fires in Koeman's head!
3 Posted 07/11/2016 at 18:19:53
As someone else said though, we have heard so much rubbish in the past, none of us will take anything for granted with regards to investment in players and, more importantly, the stadium until we see some physical evidence.
I trust Farhad to deliver; I hope it is not misplaced.
4 Posted 07/11/2016 at 19:29:55
5 Posted 07/11/2016 at 19:42:21
6 Posted 07/11/2016 at 20:00:09
7 Posted 07/11/2016 at 21:32:46
I'll believe this new ground on the docks or wherever when I'm actually sitting in it. That's if I'm actually living to see the thing. Because, after all, we seem to have been here before... And guess what I'm still sitting in the same seat in the Top Balcony.
I can't believe nothing of what I hear coming out of that club now... years and years of being led up the garden path This fella might be the messiah. The likelihood is he won't. "Holywood of the North"? What the fuck is that all about???
Fuck the ground for the time being. Just give us a team that competes against the good sides and doesn't soil their trousers as soon as we lose the first goal. I wouldn't say that was too much too ask.
8 Posted 07/11/2016 at 21:59:21
9 Posted 07/11/2016 at 22:36:01
10 Posted 07/11/2016 at 22:41:20
11 Posted 08/11/2016 at 20:11:20
He'll never get control of Arsenal, as they don't allow that in their constitution, but we've been at the whim of one man for so long, who cares if the 50th richest man in the world wants to take over? The only thing standing in his way would be... yes, the man who's kept us in his empty pockets for the best part of 2 decades.
12 Posted 10/11/2016 at 07:53:42
As we celebrate the 30 years anniversary of Alex Ferguson at Man Utd, can I remind one and all of game in the 1980s when the genius of Old Trafford was handed his arse 5 - 0 in one of the most devastating exhibitions of football I have ever seen by those loveable Toffeemen.
13 Posted 10/11/2016 at 10:41:14
14 Posted 10/11/2016 at 10:51:54
15 Posted 10/11/2016 at 11:23:17
Sorry for being a little nerdy but Big Ron was the manager of Manchester United when we beat them 5-0. Although, Ferguson did see us beat them 3-0 at Old Trafford once. I think it was around September 1992.
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