Everton owner Farhad Moshiri has reportedly put the club up for sale.
The Toffees sacked manager Frank Lampard on Monday after a dreadful run of results has left them fighting relegation for a second successive season.
Everton supporters have led numerous protests against the current ownership, calling for them to leave.
According to The Guardian, Moshiri is now seeking an exit strategy after seven years in charge he looks to sell the club for more than £500million.
The British-Iranian businessman had been looking for outside investment, but is now open to a wholesale takeover.
He is willing to accept a minority or majority sale, with a “number of potential buyers” having already expressed an interest.
Deloitte are reportedly set to oversee the sale of the club.
Moshiri has put money up for Everton’s new stadium which is currently being built at Bramley-Moore Dock.
And he is wanting to recoup that money as he plans to vacate Merseyside.
The new ground is set to cost the club at least £550.
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Moshiri’s ownership have spent around £700m on players but seen little success on the pitch.
They have seen a host of managers come and go including Ronald Koeman, Sam Allardyce, Marco Silva, Carlo Ancelotti, Rafa Benitez and now Lampard.
Former Leeds boss Marcelo Bielsa is the favourite to take over the Toffees as they bid to climb out of the relegation zone.
More to follow.