LONDON -
The Friedkin Group, which also owns Italian Serie A club AS Roma, had reached an agreement over the sale terms in September. The Toffees also become the 10th English top-flight club under majority American ownership.
"Today marks a momentous and proud occasion for the Friedkin Group as we become custodians of this iconic football club. We are committed to leading Everton into an exciting new era both on and off the pitch," Marc Watts, the club's incoming executive chairman, said on Everton's website.
The Premier League said its board had ratified the Friedkin Group's 98.8 per cent stake buy after the completion of the league's owners' and directors' test.
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