By Wayne Veysey

23rd Nov, 2022 | 5:37pm

Everton boardroom source: Full takeover 'closer than people think'

A full takeover of Everton by US investors is edging closer, sources have told Football Insider.

The future ownership of the Merseyside club has been the subject of intense speculation since Farhad Moshiri went public with his desire to secure investment in July.

A source close to the Everton boardroom has told Football Insider that there have been new developments behind in the scenes.

It is said that a “a deal to buy Everton is closer than what people think”, with an unnamed US consortium “very strong” on buying the club.

This is especially significant given Moshiri is still yet to secure the funds for the Toffees’ 2024 move to Bramley-Moore Dock stadium.

The 67-year-old is expected to part-finance the construction project but cannot commit the full £500million it will take to see their new 52,888-seater home through to completion.

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Moshiri has been willing to relinquish some of the club’s equity – he currently owns 94.1 per cent – in exchange for cash to facilitate the historic relocation.

A full takeover would seen the billionaire sell his entire stake in the club following what has been a rollercoaster reign.

Everton have reported league-record losses of over £370million across the 2018-19, 2019-20, and 2020-21 campaigns.

The party line remains that the club have worked with the Premier League and that various add-backs see them fall within the £105m worth of losses allowed by the Financial Fair Play system over three years.

In other news, Everton could spend “hundreds of millions” after source’s Lampard update.