Everton Football Club is close to an agreement to be acquired by 777 Partners following months of talks between the parties, according to a person with knowledge of the matter.

Club owner Farhad Moshiri, who has invested hundreds of millions of pounds in the underperforming team during his tenure at the Liverpool-based club, was expected to exit with a fraction of the money he invested, said the person, who asked not to be identified because the negotiations were private.

Bloomberg