Farhad Moshiri agrees to sell Everton

Farhad Moshiri has agreed to sell his 94.1 percent stake in Everton Football Club to Miami based investment fund 777 Partners.

Morshiri first bought shares in the club in 2016 and has been a majority shareholder since 2018.

The Toffee's new investors have an estimated newt worth of over $12billion and already own several clubs in Europe including Genoa, Standard Liège and Hertha Berli.

In a statement the Morshiri said: "From our team at the training ground, our commercial and support teams through to matchday employees, I extend my sincerest gratitude.

“And to our fans, the last few years have been challenging but you have supported the Club through it all and consistently been our twelfth man. You are the best fans and deserve success.”.

Josh Wander, Founder and Managing Partner of 777 Partners, said: “We are truly humbled by the opportunity to become part of the Everton family as custodians of the Club, and consider it a privilege to be able to build on its proud heritage and values.

“Our primary objective is to work with fans and stakeholders to develop the sporting and commercial infrastructure for the men’s and women’s teams that will deliver results for future generations of Everton supporters. As part of this, we are committed to partnering with the local community over the long-term, working on important projects such as the development of Bramley-Moore Dock as a world class stadium venue, allowing thousands more Evertonians to attend our home matches and contribute to the economic and cultural regeneration of Merseyside.”