LONDON: The Friedkin Group, according to a BBC report, has agreed a deal in principle to complete a takeover of Everton.

A decision on whether chairman Dan Friedkin, who also owns Roma, wants to exercise the option of buying current owner Farhad Moshiri’s 94pc stake could come by the weekend.

American businessman Friedkin, who has a reported net worth of £4.8bn, wants Serie A side Roma and Premier League club Everton to sit at the top of a multi-club model. He has shot to the front of the queue ahead of four rival bidders, including UK-based investment firm Vici Private Finance, MSP Sports Capital, local businessmen Andy Bell and George Downing and a consortium involving a Saudi royal.

Everton finished 15th last season after being docked eight points in total for breaching Premier League financial rules. They must comply with the Premier League’s profit and sustainability rules by the end of this month.

They are also scheduled to make a payment to US-based firm MSP, who are one of Friedkin’s rival bidders having loaned the club around £158m. Everton have confirmed their move to a new stadium at Bramley-Moore Dock for the start of the 2025-26 season.

The Friedkin Group took control of Serie A side Roma in 2020 and oversaw the appointment of manager Jose Mourinho the following year.