Everton reach deal with Friedkin Group over sale of the club
American group will buy Farhad Moshiri's majority stake in the Blues
Everton have announced the Friedkin Group has reached agreement to purchase Farhad Moshiri's majority stake in the club.
The group, led by American billionaire Dan Friedkin, had entered a period of exclusivity to negotiate a possible purchase in June, before Everton announced in July that no deal would be struck between the parties.
John Textor, who has a 45 per cent share in Crystal Palace, had then appeared to be in the frame, but a statement from Everton on Monday said: "Blue Heaven Holdings and the Friedkin Group confirm that they have reached agreement over the terms of the sale of Blue Heaven Holdings' majority stake in Everton Football Club.
"The transaction is subject to regulatory approval, including from the Premier League, the Football Association, and the Financial Conduct Authority." First for all the latest news from across the UK every hour on Hits Radio on DAB, at hitsradio.co.uk and on the Rayo app.