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."

The sale will bring to an end the ownership of Farhad Moshiri, who purchased the club in 2016. Despite heavy investment, particularly in player recruitment in the early years of his reign, results on the pitch never fully materliased.

The club have been fighting relegation for several seasons and the club was docked a number of points last season for failing to adhere to the Premier League's financial rules.

Several suitors have come and gone as Moshiri has looked to sell the club, including the Friedkin Group themselves who pulled out of the deal earlier this summer.

The issue, believed to be around the valuation, has seemingly been resolved and Everton fans can find reason to be cautiosly optimistic for the first time in several years.