Everton Manager, Marco Silva, is the right person to guide the club even as it moves ahead with plans for a new stadium, majority shareholder Farhad Moshiri said.
Everton’s present Premier League position is “not good enough”, British-Iranian businessman Moshiri said, adding that Silva had to improve performances in the second half of his first season at Goodison Park.
Everton have struggled for consistency this season to sit 11th in the table with 27 points.
“We did our homework and put a big bet on Marco and we stick with him. He has our total support,” Moshiri told Everton’s general meeting.
“Consistency has been an issue but we have had some terrific performances and the challenge in the second half is to have more of those performances.
“I look at the table and it is just not good enough. We need to go up the table, we need to utilise the fans’ impatience to drive the club.”
Everton, who have played at Goodison Park since 1892, have announced plans for a new stadium at the proposed Bramley Moore Dock site in a bid to increase capacity from the present 40,000.
The club also intends to bridge the revenue gap to the leading teams.
Moshiri, who increased his ownership stake in the club from 49.9 per cent to 68.6 per cent last September, said he was committed to completing the project.
“I will throw as much money as needed.
“Private markets will provide 350 million pounds (445.76 million dollars), naming rights will give us some more and we will maybe have an equity gap of 100 million pounds.
“This club is sufficiently robust to see the project through.
“It is no luxury, we have to get it done. If we want to have a big club, we need a modern stadium and we will get it.”