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Farhad Moshiri on verge of selling Everton to American firm

Struggling English Premier League club, Everton, are close to being sold to American investment fund 777 based in Miami, Florida.

Everton resumed discussions with the American company after negotiation with MSP Sports Capital failed in August.

The acquisition will put an end to the turbulent reign of owner, Farhad Moshiri, who made his initial investment in 2016.

Reports say Everton have sought investment for a while, but the deal is not yet complete.

With just one point from their first four games this season, Sean Dyche’s team is currently 18th in the league. 

Meanwhile, Everton and 777 are yet to comment on the development.

Writing by Hadiza Abdulrahman; Editing by Adeniyi Bakare and Tony Okerafor