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Everton takeover by The Friedkin Group set to be confirmed as Toffees usher in a new era after Farhad Moshiri's troubled ownership

Everton will finally usher in a new era on Thursday when The Friedkin Group officially become the club’s latest owners.

Having agreed a deal with Farhad Moshiri to buy his 94.1 per cent shareholding back in September, The Friedkin Group have been conducting due diligence in the months since and a formal announcement is expected at some point on Thursday.

Final checks on paperwork were being conducted on Wednesday night but no problems were envisaged and this represents a huge moment in Everton’s history after so much trouble and turmoil during the frivolous Moshiri era, in which financial largesse put them in trouble with the authorities and led to a points deduction last season.