EPL soccer club Everton has been purchased by U.S. billionaire Dan Friedkin.

The deal is contingent upon regulatory approval from the EPL, the Football Association, and Britain's Financial Conduct Authority.
In recent years, the club has attracted interest from several buyers, including U.S. private equity firm 777 Partners and American businessman John Textor.
Roma, an Italian Serie A team, is also owned by Friedkin, who has a net worth of $7.6 billion, according to Forbes.

Dan Friedkin's U.S. investment group has agreed to purchase Everton F.C., potentially ending years of uncertainty for the struggling English Premier League soccer club.

The deal is contingent upon regulatory approval from the EPL, the Football Association, and Britain's Financial Conduct Authority.

The Friedkin Group, led by Chairman and CEO Dan Friedkin, has reached an agreement to become the custodians of the iconic football club.

The completion of the new Everton Stadium at Bramley-Moore Dock is our vision, and we are committed to securing the necessary approvals to make it a reality.

The deal would give Friedkin the 94% stake currently owned by Moshiri, who bought a 49.9% slice of Everton in 2016 and more recently increased that stake with a 100-million-pound capital injection.

Although Moshiri invested in the club, which was founded in 1878, it has been struggling and has narrowly avoided relegation from the EPL in recent years. Currently, the club is in 19th place out of 20 teams in the EPL and has yet to win a game this season. Last season, the club was penalized for violating Premier League financial rules.

In recent years, Everton has attracted interest from several potential buyers, including 777 Partners and John Textor. However, The Friedkin Group, an American business group, agreed to buy Everton in principle earlier this year but later withdrew from negotiations when they couldn't reach an agreement.

Roma, an Italian Serie A team, is also owned by Friedkin, who has a net worth of $7.6 billion, according to Forbes.