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BREAKING NEWSEverton takeover by The Friedkin Group is CONFIRMED as Toffees usher in a new era of stability after Farhad Moshiri's turbulent ownership

Everton fans have been handed an early Christmas present as their long-running saga to find new owners was finally resolved on Thursday morning.

The Friedkin Group have been officially announced as the new custodians of the club – with stability said to be the key message the Texas-based billionaires want to give to fans.

Dan Friedkin, the stunt pilot and aviation expert worth £4.8bn, will lead the new empire and has appointed Marc Watts as executive chairman, with Ana Dunkel set to join the board as financial director. Colin Chong will continue in his role as interim chief executive officer.