Everton fans can finally get enthusiastic about the club’s new ownership. The Friedkin Group (TFG) is on track to receive regulatory board clearance, with only one “real hurdle” remaining to surmount. According to The Athletic’s Matt Slater, the Texas-based owners have already reached an agreement with Farhad Moshiri and have begun making plans for the Toffees. The last remaining impediment is settling the £200 million debt owing by one of Moshiri’s holding companies to 777 Partners.

The 777 Group, who attempted to buy the Toffees, is on the verge of collapse. As things stand, TFG must repay a loan to an American insurance business, A-Cap, but they have been sued by a British investment group called Leadenhall. While A-Cap cannot conduct business without Leadenhall’s approval, there is hope that the situation will be rectified. Everton need fresh guidance. Unless there is a historic collapse, the TFG should obtain a green signal within the next several months.

Many have speculated on Sean Dyche’s future after the deal is completed. Dyche is now doing an excellent job, and there is no reason for a huge change. The Toffees started the season terribly, losing their first four Premier League games. However, they have progressively recovered, winning two of their previous four games while drawing the other two. The dispute with 777 Partners was the key reason TFG initially backed out of the purchase during the exclusivity period. Crystal Palace co-owner John Textor expressed an interest in purchasing the Toffees, but the Friedkin Group acted quickly last month to reach an arrangement with Moshiri.

They are one of the richest corporate conglomerates and own the Serie A club AS Roma. They have previous experience managing a high-level club, and Everton would profit from their leadership.

Read more on sportupdates.co.uk