The deal is subject to subject to regulatory approval from the EPL, the Football Association, and Britain's Financial Conduct Authority.

US businessman Dan Friedkin has agreed to buy a majority stake in English Premier League team Everton from current owner Farhad Moshiri, potentially ending years of uncertainty at one of football’s oldest clubs.

“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.