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Everton sale close

Farhad Moshiri is in advanced talks to sell Everton to a little-known US businessman for £400m. Talks between Moshiri and Maciek Kaminski, a Minnesota-based investor, have progressed in recent days.  Talks with Moshiri earlier in the year faltered and stalled beyond an exclusivity period.

Talks have been complicated by the recent financial instability in the UK.   The final sum also depends on financing for Everton's £500m new stadium.

Kaminski was previously bidding with former Chelsea and Manchester United chief executive Peter Kenyon, investment banker Michael Klein and John Thornton, chairman of US miner Barrick Gol.  However, the trio have now split up.

Kaminski emigrated to the US from Poland in the late 1960s and was an investment adviser at brokerages before entering property investment.

A successful sale would mean that half of the Premier League clubs would have US shareholders.

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