Everton owner Farhad Moshiri is reportedly on the verge of selling the club, six years after buying the Merseysiders.
The Iranian-born British business became the club’s majority shareholder in February 2016 and has injected millions of pounds into the club.
But six years into his ownership of the club, the 67-year-old wants to sell up shop.
That’s according to the Financial Times, who claim Moshiri is in advanced talks to sell the Prem club.
They claim Moshiri is in the process of selling the club to American real estate investor Maciek Kaminski.
Negotiations between Moshiri and Kaminski are said to have “have progressed in recent days.”
The deal, however, is by no means a dead-cert given the current financial turmoil in the UK.
Although £400m is the current fee being bandied about, it’s understood the final figure will depend on the Toffees’ plans for their new stadium.
It’s claimed the financing for the proposed new ground at Bramley-Moore Dock will play a significant factor in the final figure.