Everton’s takeover talks with the Friedkin Group have been called off after the two parties failed to finalise an agreement.
The Friedkin Group, which also owns Serie A club Roma, had agreed a deal in principle to take over the Premier League outfit in June.
Led by US billionaire Dan Friedkin and his group were granted exclusivity in talks after a deal to sell to Miami-based firm 777 Partners broke down.
According to a statement from the Merseyside club, “Talks between Blue Heaven Holdings and the Friedkin Group over a potential sale of a majority stake in Everton have ended and the Friedkin Group will not be progressing with a purchase of the club.”
“Both Blue Heaven Holdings and The Friedkin Group entered discussions in good faith to explore whether a sale could be agreed.
Those discussions have concluded. The parties agree it is in both their interests for Everton to explore alternative options.”
Everton said the Friedkin Group would remain a lender to the club, who were twice docked points last season over breaches of Premier League financial rules.
The Friedkin Group also owns a controlling stake in Italian side Roma.
Moshiri, who bought a 49.9 percent share in Everton in 2016, is the Toffees’ majority owner with a 94 percent stake.
The Everton statement added that Blue Heaven Holdings maintains a positive relationship with The Friedkin Group and would like to thank them for the time and effort they have put into this process.
