Friedkin Group agrees deal for Everton takeover

The Friedkin Group has agreed a deal in principle to complete a takeover of Everton, BBC Sport understands.

Chairman Dan Friedkin, who also owns Roma, is now strong favourite to purchase the Toffees after jumping ahead of four other bidders.

A decision over whether Friedkin wants to exercise the option of buying current owner Farhad Moshiri's 94% 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.

Moshiri is now expected to grant the group a period of exclusivity.

Friedkin has moved in front 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.

More to follow.