Premier League strugglers Everton are close to being bought by American investment fund 777 Partners for a deal worth close to $750m.
Everton have consistently struggled to stay afloat in the Premier League for the past two seasons and currently have two matches left to save themselves, starting away at Wolves tomorrow and a crucial home fixture against Bournemouth on the final day.
US-based investment fund close to taking over Everton
According to the Daily Mail’s Mike Keegan, the sale of the club is heavily dependent on Everton staying in the league with current unpopular owner Farhad Moshiri keen to push through a deal as quickly as possible.
Everton are set to move to a new stadium worth $625m on the site of Liverpool’s Bramley Dock.
777 Partners are a Miami-based firm with a wide-ranging portfolio from sports and entertainment to industries including entertainment and are currently worth approximately $7.5b. They already have stakes in Italian club Genoa, the Brazilian side Vasco de Gama, Belgium team Standard Liege and a minority stake in Europa League finalists Sevilla.