Everton will have new owners after majority shareholder Farhad Moshiri agreed a takeover deal with American investment company 7-7-7 Partners.
Moshiri's full stake accounts for over 94 per cent of the club's shares.
The Miami based company already has a number of football clubs within its portfolio - including Sevilla and Standard Liege.
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The sale is expected to be completed by the end of the year following regulatory checks.
