The Friedkin Group statement in full as Everton takeover twist confirmed

Everton have confirmed that The Freidkin Group have reached a new agreement to complete a takeover. The American firm, who ware headed by Dan Friedkin, have come back to the table after ending a purchase in July during a period of exclusivity.

John Textor, the co-owner of Crystal Palace, declared his interest in buying Everton. But the Friedkin Group came back to the table over the weekend and will purchase Farhad Moshiri’s 94.1% stake. The transaction is subject to approval from the Premier League, FA and Financial Conduct Authority, although it is unlikely to be a problem.

An Everton statement 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.

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."