Everton announced that an agreement has been reached for the Friedkin Group to purchase the team.

and purchase Farhad Moshiri’s 94% majority stake.

Here, the PA news agency looks more closely at the situation and what happened next.

Haven’t we previously seen them associated with Everton?

Yes, Everton announced in June that they had started exclusive talks with the Friedkin Group.

which had given the club a £200 million boost over a potential takeover of the team.

That followed the failure in May of an agreement with Miami-based firm 777 Partners.

which had been agreed upon in September 2023.

But that wasn’t right afterwards?

One month later, the Friedkin Group and Edenton jointly released a statement announcing the

conclusion of talks and the cancellation of any planned acquisition.

The statement also mentioned that Moshiri’s Blue Heaven Holdings was “proud to have played

a key role in enabling the new stadium to be built,” referring to Bramley-Moore Dock,

where Everton is scheduled to relocate from Goodison Park in time for the 2025–2026 season.

The group would continue to be a lender to the club.

What has transpired since then?

John Textor, an additional American businessman, emerged as the apparent frontrunner.

Even though Textor had to give up his 45 percent stake in Everton’s rival Premier League team,

Crystal Palace, he still voiced optimism two weeks ago that all might be finished in time for the Toffees

‘ exclusivity period to end. Eleven days after Everton’s initial response, in which stated that

“some work remains to be done to complete the transaction” with Textor,

An agreement was jointly announced on Monday with the Friedkin Group.

What follows then?

The Premier League must provide regulatory approval of the deal before it is finalized.

the Financial Conduct Authority and the Football Association.

Although the outcome of that process is yet uncertain, the PA news agency is aware that Everton

expects no issues and thinks it could be completed by year’s end.

Liverpool Mayor Steve Rotheram has welcomed the agreement’s announcement.

who stated his hope that the group can now “start to move forward and turn the page.”

a feeling that Everton supporters would surely concur with.

The Merseyside team has had a difficult few years, finishing 16th three seasons ago.

17th in 2022-2023, and 15th last term. During that time, they were fined points twice

for breaking profit and sustainability criteria. Moshiri purchased 49.9% ownership in the team in 2016.

which climbed to 94.1 in 2022.

Since taking over as manager in January 2023, Sean Dyche has guided them to four losses

and one tie from their five Premier League games this season, placing them in second place.

“We look forward to providing stability to the club and sharing our vision for its future.

including the completion of the new stadium,” a Friedkin Group spokeswoman stated

in the statement released on Monday.