Everton have announced that 777 Partners have agreed a deal to acquire Farhad Moshiri's 94.1 per cent controlling stake in the football club.
Talks had been ongoing all week and Moshiri has now agreed to sell the club to controversial 777, who are led by Josh Wander.
A club statement this morning said that the transaction ‘strengthens the club’s balance sheet’ and guarantees full funding for the new stadium at Bramley Moore Dock.
Moshiri, who has been controlling shareholder since 2018, said: ‘The nature of ownership and financing of top football clubs has changed immeasurably since I first invested in Everton over seven years ago.