* Everton continue hunt for investment after Friedkin Group withdraw from talks
* Toffees already saw bid from 777 Partners fall through
* Major financial issues continue to plague club
Everton have confirmed the collapse of takeover talks with The Friedkin Group.
The Friedkin Group, who also own Roma, entered into a period of exclusivity with Everton almost a month ago following 777 Partners’ failure to meet the Toffees’ deadline to complete a purchase which had been in the pipeline for close to nine months.
Everton owner Farhad Moshiri hoped that The Friedkin Group would be able to seal a swift agreement to buy the club but their period of exclusivity has now ended without a deal.
“Following a period of exclusivity, 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 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.”
