Everton reaches agreement with Texas-based Friedkin Group over purchase of Premier League club

 The Texas-based Friedkin Group has reached an agreement to buy Premier League club Everton from current owner Farhad Moshiri, the English team said Monday.

The Friedkin Group is a consortium of investments in automotive, entertainment, hospitality and sports, with Italian soccer club Roma also in its portfolio.

The group reached an agreement in principle in June to buy Moshiri’s 94% stake in Everton, which is in 19th place in the 20-team Premier League, but talks were called off a month later.

Now the parties said in a short joint statement they have “reached agreement over the terms of the sale” of Moshiri’s stake, adding that the deal is subject to approval from English soccer authorities.

“We are pleased to have reached an agreement to become custodians of this iconic football club,” the Friedkin Group said in the statement.

“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.”