The investment group run by U.S. billionaire Dan Friedkin on Monday agreed to buy Everton F.C., potentially ending years of uncertainty for the struggling English Premier League soccer club.

The Texas-based Friedkin Group has reached an agreement to buy Premier League club Everton from current owner Farhad Moshiri, the English team said Monday.

The takeover is far from over the line as it still needs to be approved by various football and financial authorities. But it's likely to delight fans seeking some stability ahead of the move to the club's new stadium,