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EXCLUSIVE: Everton are close to being SOLD for around £600m to American investment fund 777 Partners, as Farhad Moshiri’s unpopular reign nears an end

Everton are close to being sold in a deal worth around £600m, bringing to an end Farhad Moshiri's painful reign behind the controls.

A deal is expected to be concluded by the start of next week as they fight to save their new stadium build as well as their Premier League future.

Mail Sport understand American investment fund 777 Partners are the preferred bidder, although sources insist they are demanding a Premier League guarantee in order to conclude their sale. Everton want the deal done at high speed.

A second bidder, MSP Sports Capital, remained in the chase last night and appear undeterred to be clear second favourites.