After a tumultuous eight-year tenure, Everton has officially parted company with Farhad Moshiri, signing the takeover legally.
The Friedkin Group (TFG) completed its majority acquisition in a transaction estimated to be worth more than £400 million.
Roundhouse Capital Holdings Limited, a company under The Friedkin Group, has acquired Moshiri's 94.1% ownership of the team.
Moshiri and the firm reached a bargain on September 23 that was awaiting regulatory approval.
The Premier League had the final word on this agreement, which was ultimately approved.
The independent monitoring panel of the Premier League formally confirmed on Wednesday that the deal could proceed.
TFG's buyout agreement includes a substantial debt reduction for the formerly financially challenged club.