Everton FC could soon have a new owner after The Friedkin Group confirmed its purchase of the club on Monday. The sale of the majority stake in Everton, from Farhad Moshiri’s Blue Heaven Holdings to The Friedkin Group, is still subject to approval by regulators including the Premier League itself, the English Football Association, and the Financial Conduct Authority, but is expected to go through. Blue Heaven Holdings holds 94.1% of the shares in Everton, and the sale of these to The Friedkin Group will see them become the majority owner, replacing Moshiri. Dan Friedkin, the owner and CEO of The Friedkin Group, has a net worth that currently stands at $7.6 billion. He is also the president of the Italian Serie A club, AS Roma. The Friedkin Group had a period of exclusivity to negotiate a deal with Moshiri in June of this year, but those initial talks collapsed in July. However, the discussions and due diligence that took place during that period, and The Friedkin Group’s previous knowledge of Everton’s accounts, will have made things smoother for the two parties once talks restarted this month. A spokesperson for The Friedkin Group said: We are pleased to have reached an agreement to become custodians of this iconic football club. 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. Other groups including 777 Partners, and John Textor—a part-owner in another English Premier League side, Crystal Palace—had also been linked to a purchase of Moshiri’s shares. At the end of May it was clear that 777 could not do a deal, while Textor has always faced the problem of being unable to go ahead with a deal to buy Everton due to his involvement with Palace. Owners are not allowed to have stakes in more than one club. Textor had genuine admiration and interest in Everton. He recently described the possibility of owning the Merseyside club as: like somebody asking you ‘do you want to be the President of the United States?' Of course you do, but you don’t necessarily think things are realistic. Everton, it’s like looking at the White House and saying I’m gonna live there some day. Everton responded to Textor’s comments, saying: While positive conversations and progress continues to be made with Mr Textor to formalise any deal with him, there remains some work to be done to complete the transaction. Accordingly, the comments made by Mr Textor merely represent his personal view on Club matters. It has now become clear that The Friedkin Group were much further along in the process and the stumbling blocks encountered earlier in the year have been overcome, specifically when it comes to agreements to deal with existing Everton stakeholders. The Friedkin Group’s involvement in top-level soccer elsewhere in Europe could also help when it comes to gaining approval from the various regulators. Dan Friedkin’s experience as the president of AS Roma will likely be beneficial in this regard. The sale of Everton to The Friedkin Group is expected to bring stability and a clear vision for the future of the club. The completion of the new Everton Stadium at Bramley-Moore Dock is a key part of this vision. The stadium is expected to be a state-of-the-art facility that will provide a great experience for fans and help the club to compete at the highest level. The Friedkin Group’s investment in Everton is a significant one, and it is expected to have a major impact on the club’s future. With the sale of the club expected to go through, Everton fans will be eagerly awaiting the completion of the transaction and the start of a new era for the club.