FARHAD MOSHIRI is reportedly on the verge of selling Everton – six years after buying the Merseysiders.
The Iranian-born British business became the club's majority shareholder in February 2016 before increasing his stake in the team – which he's ploughed millions of pounds into – two years later.
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 close to passing ownership of the club to American real estate investor Maciek Kaminski for £400million.
Negotiations between Moshiri and Kaminski are said to have "have progressed in recent days."
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The deal, however, is by no means a dead-cert given the current financial turmoil in the UK.
It's understood the final sale figure will depend on the Toffees' plans for their new stadium.
It's claimed the financing for the club's new ground at Bramley-Moore Dock will play a significant factor in the final figure.
Kaminski's KAM Sports group first declared their interest in buying Everton in the summer, although early negotiations failed to bear any fruit.
Everton found themselves in a financial quandary earlier this year after several sponsorship deals with Uzbeki-Russian Alisher Usmanov were suspended following the UK government's sanctioning of Vladimir Putin's oligarchs after Russia's invasion of Ukraine.
The Merseysiders have since cut all ties with Usmanov, whose financial assets have been frozen in the UK.
Despite talks between Moshiri and Kaminski taking place earlier this year, the former issued a statement claiming the club wouldn't be sold.
In July, he said: “It will always be pragmatic to explore all potential investment opportunities.
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“But I want to reassure all of you that Everton Football Club is not for sale.”
Everton will be back in action on Saturday afternoon, travelling to St Mary's to take on Southampton.
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