Everton has agreed a takeover deal with The Friedkin Group, subject to regulatory approval. The deal, which was reported by The Athletic earlier on Monday, will see The Friedkin Group purchase Everton owner Farhad Moshiri's 94 per cent stake in the Merseyside club. A joint statement from Moshiri's company and The Friedkin Group confirmed the agreement, stating that the transaction is subject to regulatory approval from the Premier League, the Football Association, and the Financial Conduct Authority. The Friedkin Group, which owns Italian side AS Roma, has been a major lender to Everton, with £200m of the club's £600m debt owed to them. The takeover deal brings an end to a long-running saga that began over 12 months ago. The Friedkin Group has stated that they are committed to providing stability to the club and completing the new Everton Stadium at Bramley-Moore Dock. Dan and Ryan Friedkin, the owners of The Friedkin Group, have reaffirmed their commitment to AS Roma, stating that the potential addition of Everton to their portfolio will not alter their focus on the Italian club. The deal is expected to be completed in the coming weeks, subject to regulatory approval. Everton's external debt has risen to around £600m as they have sought ways to finance everyday running costs and their new stadium project. The club has been seeking a new owner for over a year, with several parties expressing interest in a takeover. The Friedkin Group's takeover deal is a significant development for the club and its fans, who have been waiting for a resolution to the saga. The deal is expected to bring stability to the club and allow them to focus on their new stadium project. The Friedkin Group has a proven track record of success in football, having owned AS Roma for several years. They have stated that they are committed to investing in Everton and bringing success to the club. The takeover deal is subject to regulatory approval, but it is expected to be completed in the coming weeks.