Farhad Moshiri has put Everton up for sale with £500m price tag, according to reports.
According to the Guardian, the British-Iranian businessman has put the Premier League club on the market a day after Frank Lampard was sacked as manager.
Mr Moshiri is Everton's majority owner, having increased his stake to 94% last year.
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The move comes after both Liverpool and Manchester United were put up for sale by their respective owners last year.
According to The Mirror, Mr Moshiri is said to be open to either a full or partial takeover of the club, with his decision coming after months of seeking external investment into Everton.
It comes amid their plans to build a new stadium at Bramley-Moore Dock, in a big-money project to move away from their long-time Goodison Park home.
Everton are said to have instructed Deloitte to handle the sale.
Everton's most recent accounts have shown heavy losses, fuelled by the rising costs of stadium construction coupled with ties with companies owned by the oligarch Alisher Usmanov being abandoned following Russia's invasion of Ukraine.
According to the Sunday Times Rich List in 2021, Moshiri has an estimated net worth £1.7bn. He launched his takeover of Everton in 2016 and currently lives in Monaco.
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