Everton's prospective owners are facing serious questions about the source of their funding after 777 Partners agreed a deal worth more than £500million to buy the club from Farhad Moshiri.
Mail Sport reported earlier this week that the parties were in talks and the Toffees announced yesterday that 777 had agreed to acquire Moshiri’s 94.1 per cent stake, though it is subject to approval by the Premier League, FA and Financial Conduct Authority.
It could be late this year before the deal is ratified and the acquisition will be subjected to the League’s strengthened owners’ and directors’ test.