Everton owner Farhad Moshiri has severed all business links with his long-time associate Alisher Usmanov.
The Blues majority shareholder has stepped down from the board of USM, a Russian holding company that Mr Usmanov founded, after suspending the club’s multiple sponsorship ties with companies associated with the Uzbekistan-born billionaire who is now set to be sanctioned by the UK in addition to the EU.
USM made the announcement today in Moscow on Interfax with a statement reading: “ Farhad Moshiri left the board of directors of the USM group, according to their message. The decision came into force on March 2.