Back in July such an outcome seemed almost certainly over when the US group walked away from exclusivity arrangements allegedly over concerns around the debt Everton are carrying.
This situation plunged the club into yet more uncertainty for the future after so many false dawns with the Friedkin Group being the latest investors to try and end Farhad Moshiri's disaster-plagued rein as owner.
Another American John Textor had stepped in when Friedkin pulled out, and declared his desire to take over the club, if he could divest himself of his Crystal Palace shares.
That issue together with those problems over the debt meant that it looked likely the club wouldn't get a new owner until later this season and possibly not until next summer.
That was a nightmare scenario with the Blues possibly facing relegation to the Championship during that time, unless results were to improve very significantly in the intervening months. Now it appears as though such a situation has been averted.
In addition, the potential timing of all this is very promising with most opinion seeming to assume it will take about eight to ten weeks to get this deal done and passed by the various football authorities.
Were that to be the case then it would give whoever is the Everton manager by then the chance to spend in the January transfer window.
Who is that manager is now perhaps the most pressing question to be resolved with a new owner almost in place - unless something else goes wrong!
Sean Dyche's future has been subject to a lot of speculation after the team's terrible start to the season, which continued with the Toffees again surrendering a lead at Leicester City last weekend.
Everton did at least pick up their first point of the campaign after those three catatrosphic defeats and twice losing a two-goal lead againt Bournemouth and then Aston Villa.
Some of Dyche's tactics, team selections and in-game management have again come under fierce scrutiny with his decisions being dissected and heavily criticized.
Rumours have begun with several new names being mentioned chiefly former England boss Gareth Southgate linked with the job.
Given his past with AS Roma in Italy's Serie A, it does seem quite likely that Friedkin will seek a new man in post before providing funds for player signings in the New Year.
Whatever exactly happens this news represents some seriously long overdue and much-needed positivity for a club that has been dogged by misfortune both on and off the pitch, for so long.