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Jorge Vergara could be willing to sell Chivas after seven years at the helm, with Carlos Slim the likely buyer.

Club Deportivo Guadalajara owner Jorge Vergara is negotiating the sale of Chivas to the world’s richest person, Carlos Slim, according to Tuesday’s Record newspaper.

The outlet writes that both parties have sat down for talks and that those talks have, so far, been fruitful.

"It is closer to being sealed that falling through," explains the publication, citing information gathered from a source "close to the negotiations."

The same outlet says that the buying price is in the range of $700 million and would include MLS team Chivas USA, the Estadio Omnilife, as well as the Guadalajara franchise.

Chivas’ TV deal with Televisa runs out at the end of the current Liga MX Clausura season, says the source, presenting an opportunity for Slim, whose company America Movil already has a stake in Pachuca, Leon and Estudiantes Tecos, to claim one of Mexican soccer's two most popular teams.

Chivas, both north and south of the border, has struggled in recent seasons, with the Guadalajara club again unlikely to make the playoffs after a dismal last month, which has brought four consecutive losses.

Vergara bought the club in 2002 and led it to the Apertura 2006 championship.

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