The Friedkin Group has reached an agreement to buy Farhad Moshiri’s majority 94 per cent stake in Everton.
The deal is subject to regulatory approval from the English Premier League, the Football Association and the Financial Conduct Authority.
A spokesperson for The Friedkin Group said in a statement on Monday: “We are pleased to have reached an agreement to become custodians of this iconic football club. We are focused on securing the necessary approvals to complete the transaction.
The Friedkin Group had agreed a deal in principle to purchase current owner Moshiri’s 94 per cent stake in June. But talks were called off a month later after the two parties failed to finalise an agreement.
That followed Miami-based 777 Partners being unable to complete a deal earlier this year.
Chairman Dan Friedkin, who also owns Serie A side Roma, has a net worth of £5.7 billion according to Forbes.
In a complex saga surrounding the takeover, American businessman and Crystal Palace owner John Textor then jumped in for talks but could not complete a deal because Premier League rules prohibit individuals from owning more than one team.
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