The US company, 'The Friedkin Group' has agreed to buy Premier League club Everton, two months after originally pulling out of a deal to buy 94 percent of Everton owner Farhad Moshiri.

The agreement looks like ending the off-field instability that has handicapped Everton in recent seasons, with several takeover deals falling through.

The company owned by US billionaire Dan Friedkin (who also owns Italian giants AS Roma) moved ahead of Crystal Palace joint-owner, John Textor, who was thought to be the frontrunner to buy the club.

Everton issued a statement on Monday explaining "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," added the statement.

Meanwhile, a spokesperson for the Friedkin Group commented they were "pleased to have reached an agreement to become custodians of this iconic football club," and added that they were looking forward to "sharing our vision for its future, including the completion of the new Everton Stadium at Bramley-Moore Dock."

The news came two days after Everton claimed their first point of the season, with the team coached by Sean Dyche drawing 1-1 away to Leicester City.

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