Blue Heaven Holdings has finalized the sale of its majority stake in Everton to the Friedkin Group. This agreement comes two months after the Friedkin Group initially abandoned its plans to purchase a controlling interest in the Premier League club.

Dan Friedkin is quite the character - the American businessman, heir and film producer is reputedly worth £4.8 billion, and is the owner and CEO of The Friedkin Group which owns dealership Gulf States Toyota. He is also an avid pilot, golfer and conservationist, and also owns Ligue 2 side AS Cannes.

Having pulled out of a deal to buy Everton on July 22, two months later The Friedkin Group has now reached an agreement to buy Farhad Moshiri’s majority 94% stake in the club. “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.

Everton appear to have new owners on the horizon after The Friedkin Group reached an agreement with Farhad Moshiri — what does it all mean?

“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.

We are pleased to have reached an agreement to become custodians of this iconic football club. We look forward to providing stability to the club, and sharing our vision for its future, including the

The Friedkin Group has agreed a deal to takeover Everton owner Farhad Moshiri's 94.1% controlling stake, the club announced on Monday.