Everton takeover nears as Leeds United watch on ahead of FFP hearing

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Everton takeover nears as Leeds United watch on ahead of FFP hearing
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Leeds United and Burnley previously wrote to the Premier League calling for an independent investigation into Everton's accounts over concerns over alleged Financial Fair Play breaches

Everton are reportedly close to being sold to an American private investment firm despite a looming hearing over alleged Financial Fair Play breaches. The Toffees are said to be in 'advanced negotiations' over a takeover by 777 Partners LLC, according to the Telegraph.

Sean Dyche's side avoided relegation on the final day of last season with a narrow home victory over Bournemouth, and have lost three of their opening four Premier League fixtures this term. Leeds United succumbed to the drop with a heavy defeat to Tottenham at Elland Road, while Leicester City's victory over West Ham proved to be in vain.

READ MORE: Leeds United star Stuart Dallas shuts down retirement rumour with emphatic two-word response

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