Everton are set to fall into foreign hands - possibly before November.

The Mail on Sunday says Everton will become the latest Premier League club to move into foreign ownership when a £200million sale to bidders from the Far or Middle East is completed, possibly in a matter of weeks.

There are two bidders, one from the Far East and one from the Middle East, believed to be a sovereign wealth fund similar to the Abu Dhabi United Group, who took over Manchester City last month in a £200m deal.

Everton chairman Bill Kenwright admitted at the extraordinary general meeting of shareholders last month that he wanted to sell, sparking genuine interest from more than one overseas investor. Kenwright is keen for the deal to happen before January and will not ask to stay on in any significant capacity.

All the major shareholders have now agreed to sell, with a formal offer expected within weeks.