The Times has now reported that the Premier League has given its regulatory approval to the agreement made between Moshiri's Blue Heaven Holdings and the Friedkin Group, and the deal could be signed and announced over the course of the next week.

The Friedkin Group have secured approval from the Premier League to become the new owners of Everton; regulatory process has been ongoing since TFG agreed deal to purchase Farhad Moshiris 94.1 per cent shareholding in the club;

The Toffees have been through a very difficult few years under current majority shareholder Farhad Moshiri but are now set to be taken over by a US-based group with excellent resources

The Toffees have been through a difficult few years under current majority shareholder Farhad Moshiri, with over £750million spent and eight different permanent managers in as many years.Despite the investment Everton have gone from being a side challenging for Europe to becoming serial relegation contenders.