Farhad Moshiri was in attendance as Argentina knocked the Netherlands out of the World Cup on Friday night.
Everton's majority shareholder was at the Lusail Stadium, where he was pictured alongside a prominent Qatar official whose influence extends to being chair of the directors of an international bank led from the country. The image, of Mr Moshiri and Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, was shared on social media by a Qatar-based news organisation, fuelling speculation the pair could be discussing business.
However, it is understood Mr Moshiri's attendance was in a personal capacity and he is expected to be present as England face France on Saturday in order to support Blues keeper Jordan Pickford.