Everton's Takeover Saga Nears Conclusion with Friedkin Group Agreement

Everton's protracted takeover drama may soon end as the club reaches a purchase agreement with the Texas-based Friedkin Group. The deal, subject to approval from English soccer authorities, follows multiple failed negotiations. The Friedkin Group aims to provide stability for the struggling Premier League team.

Everton's long-running takeover saga could soon be over after the struggling Premier League team reached an agreement Monday with the Texas-based Friedkin Group over the purchase of the club.

"We look forward to providing stability to the club, and sharing our vision for its future," the group said in a statement jointly issued with Everton, which is in 19th place in the 20-team English top flight.

Fronted by Dan Friedkin and his son, Ryan, the group is a consortium of investments in automotive, entertainment, hospitality, and sports, including Italian soccer club Roma. The Friedkins made a fortune distributing Toyotas in Texas.

(With inputs from agencies.)