UK’s Everton Football Club Close to Sale to 777 Partners

WATCH: Everton owner Farhad Moshiri is expected to exit with a fraction of the money he invested. David Hellier reports.Source: Bloomberg
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Everton Football Club is close to an agreement to be acquired by 777 Partners LLC following months of talks between the parties, according to a person with knowledge of the matter.

Club owner Farhad Moshiri, who has invested hundreds of millions of pounds into the underperforming team during his tenure at the Liverpool-based club, is expected to exit with a fraction of the money he invested, said the person, who asked not to be identified since the negotiations are private.