Everton FC 'assessing all options' as proposed takeover falls through
An agreement with 777 Partners expired in the early hours of the morning
Last updated 1st Jun 2024
Everton FC have said they are "assessing all options" for the future of the club's ownership after an investment deal to take over the club fell through.
Current owner Farhad Moshiri had been left in a period of exclusivity with American investment group 777 Partners, who had until May 31st to make an offer on the club.
Due to the nature of the deal, the Toffees were unable to enter into talks with other investors whilst 777 Partners considered the deal.
A purchase agreement between the two had been outlined, but the agreement - which would have seen 777 Partners take over the majority of shares in the club - collapsed after the deadline expired.
In a statement, the club said: "The agreement between 777 Partners and Blue Heaven Holdings Limited for the sale and purchase of the majority shareholding in the club expired today.
"The club's board of directors recognises the considerable level of financial support 777 Partners has provided the club over recent months and would like to take this opportunity to thank them for this.
"The club will continue to operate as usual, while it works with Blue Heaven Holdings to assess all options for the club's future ownership."
In addition to this, Goodison Park thanked those who have been connected to the club for being patient whilst a suitable buyer is found.
As well as this, the club said that it is committed to keeping fans and investors in the loop about future updates and will do so through the club's official social media channels.