Farhad Moshiri set to sell Everton for around £600m to American investment fund

Everton are reportedly on the verge of being sold in a deal worth around £600 million. 

Farhad Mohsiri has been their owner since 2016 when he sold his stake in Arsenal to complete a takeover at the club. 

Initially, he purchased a 50 percent stake in the Toffees but increased to 94 percent in January. 

But in recent years, the relationship between Mohsiri and the Goodison Park faithful has greatly deteriorated with the club seeing a huge drop in their fortunes. 

They barely managed to survive in the English top-flight last season and are also battling relegation now. 

However, the Daily Mail are reporting that Mohsiri’s reign is set to end soon with the Merseyside outfit on the verge of being sold in a deal worth around £600m. 

It is said that American investment fund 777 Partners are the preferred bidder and a deal is likely to be completed by the start of next week. 

Everton reportedly want the deal to be concluded as soon as possible but the American company wants a guarantee of their Premier League survival to complete the sale. 

Another investment fund MSP Sports Capital are also said to be in the race and look content to be the second favourites. 

The Toffees are currently just a point above the relegation zone and face a tough battle with Leicester City, Leeds United and Nottingham Forest for top-flight survival. 

Sean Dyche’s men suffered a 3-0 thrashing at Manchester City on Sunday, and now face Wolverhampton Wanderers and Bournemouth in two very important fixtures.