Everton are close to agreeing a takeover deal with American investors John Jay Moores and Charles Noell, according to Sky Sports.
The pair are said to be interested in sealing a £200 million agreement having assessed the club’s books and negotiating with major shareholders Bill Kenwright (chairman), Robert Earl and Jon Woods since December.
Moore and his colleague were once linked with brokering a deal to purchase Swansea City, though nothing materialised.
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Moore, the former owner of the San Diego Padres, bought the Major League Baseball franchise for £53.7 million in 1994 and is said to be worth roughly £500 million.
The Premier League has recently experienced a dip in the frequency of takeovers, with the 11 that took place between 2005 and 2010 dropping to just four in the past six years.
Kenwright, who bought Everton for just £20 million in 1999, has seen the club achieve six top-six finishes in the English top-flight and two Europa League/UEFA Cup round of 16 appearances during his tenure.
Despite their rather limited resources compared to the likes of Chelsea, Manchester United and Manchester City, the Toffees have not shied away from occasionally throwing cash around in the transfer market.
Everton have plunged £113.78 million into signing new players since the beginning of the 2010/11 season, including marquee capture Romelu Lukaku, who arrived as part of a £26.52 million deal from Chelsea in July 2014.
However, given the club’s failure to consistently qualify for European football and land big-name recruits, Goodison Park chiefs are considering the possibility of selling up as fans grow increasingly frustrated with the situation.