"It is great news for the football club," former Everton captain Alan Stubbs told BBC Radio Merseyside. "Dan Friedkin brings a wealth of experience from the footballing side and it is really positive, but I am trying not to get too excited. We have been rudderless and going nowhere off the pitch for far too long."
Sources close to the deal have said there is "full confidence" in completing the transaction within the next eight to 12 weeks and there is no reason why the Friedkin Group would not pass the regulatory tests. Insiders have hailed a "momentous" day which could mark a "major milestone" for the future of the club.
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