The proposed acquisition of Everton Football Club has been terminated.
The potential sale of Everton Football Club to the Friedkin Group will not proceed as the Premier League club and the American investors were unable to reach an agreement.
Dan Friedkin, a billionaire from the United States, led the
group that entered into exclusive negotiations for a possible purchase on June
21.
Nevertheless, the Goodison Park organization clarified on
Friday that no agreement had been reached between Friedkin and the club’s
primary owner, Farhad Moshiri.
This marks the second instance this year that Everton has
been unable to successfully complete a sale, 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 from the Merseyside club read.
“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.”
The Friedkin Group will continue to provide financial
support to Everton Football Club, despite the club facing two point deductions
last season due to violations of Premier League financial regulations.
The Friedkin Group also holds a majority stake in the
Italian football club, AS Roma.
Farhad Moshiri, who acquired a 49.9 percent share in Everton
in 2016, remains the majority owner of the club with a 94 percent stake.
“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 Everton statement added.