The Friedkin Group has agreed a deal to takeover Everton owner Farhad Moshiri’s 94.1% controlling stake, the club announced on Monday.
The Texas-based firm is a consortium of investments in automotive, entertainment, hospitality and sports. It also owns Serie A club Roma.
The deal could signal an end to tumultuous time at Goodison Park at ownership level as British-Iranian billionaire Moshiri tried to sell his shares in the club.
Last year, Miami-based investment fund 777 Partners said it had signed an agreement to acquire his stake, but the deal fell through when the agreement expired amid delays in meeting the necessary conditions outlined by the Premier League.
Discussion over a deal with the Friedkin Group had also proved difficult, with the firm saying in July it had pulled out of negotiations following a period of exclusivity.
However, the group announced they have announced an agreement.
“We are pleased to have reached an agreement to become custodians of this iconic football club,” a spokesperson for the Friedkin Group said.
“We are focused on securing the necessary approvals to complete the transaction. We look forward to providing stability to the club, and sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock.”
