Everton takeover talks called off

• Published On: 19 July 2024 at 20:52

Everton's planned sale to the Friedkin Group will not forward after the Premier League team was unable to strike a deal with the American investors.

On June 21, the consortium, led by US billionaire Dan Friedkin, entered into an exclusive period to negotiate a possible purchase.

However, the Goodison Park club said on Friday that no agreement had been reached between Friedkin and the club's principal owner, Farhad Moshiri.

Everton has failed to complete a sale for the second time this year, following the collapse of a deal with Miami-based firm 777 Partners.

"Discussions 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," a statement issued by the Merseyside team stated.

"Both Blue Heaven Holdings and The Friedkin Group got into good faith discussions to see if a deal could be agreed upon. These discussions have concluded. The parties agree that Everton's exploration of alternative options is in their mutual interests."

Everton announced that the Friedkin Group would continue to contribute to the team, which was punished points twice last season for breaching Premier League financial rules.


The Friedkin Group also has a controlling stake in the Italian club Roma.

Moshiri, who purchased a 49.9 percent stake in Everton in 2016, is the club's principal owner, owning 94 percent.

"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," the statement reads.