Everton said the club had been acquired by Roundhouse Capital Holdings Limited, an entity within the Friedkin Group.

The Premier League said the Friedkin Group had purchased a 98.8 percent stake in Everton, which becomes the 10th English top-flight club under majority American ownership -- a list that includes Arsenal, Chelsea, Liverpool and Manchester United.

Thursday's announcement came after Everton said in September the Friedkin Group had agreed to buy Farhad Moshiri's majority stake in the struggling side subject to regulatory approval -- which has now been granted by the Premier League, Women's Professional Leagues Limited, the Football Association and the Financial Conduct Authority.