The investment group run by U.S. billionaire Dan Friedkin on Monday agreed to buy Everton F.C., potentially ending years of uncertainty for the struggling English Premier League soccer 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 describes itself as “a consortium of businesses and investments” which includes Italian soccer club Roma in its portfolio.

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 have reached agreement with Blue Heaven Holdings over the terms of the sale of Farhad Moshiri's majority stake in Everton, the Premier League club said on Monday. The announcement comes two months after the Friedkin Group had abandoned plans to buy a majority stake in the Merseyside club after being granted a period of exclusivity.

The Friedkin Group, which also owns Italian football club AS Roma, and Everton said on Monday that they had agreed the terms of a sale of the Liverpool-based team, subject to regulatory approval. “We are pleased to have reached an agreement to become custodians of this iconic football club,

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