A statement has been released announcing that Everton\u2019s prospective takeover by the Friedkin Group has collapsed.<\/p>\n
Led by US billionaire and Roma owner Dan Friedkin, the group had entered into an exclusivity agreement with Blues majority shareholder Farhad Moshiri earlier this summer, but the ensuing behind-the-work scenes had ultimately led to the potential for a deal falling through, as the club announced the development in a statement released with the Friedkin Group on Friday morning.<\/p>\n
It is the fourth deal to reach such a stage before breaking down over the two years that Moshiri has been seeking an exit from the club.<\/p>\n
The statement reads:<\/p>\n
\u201cFollowing a period of exclusivity, discussions between Blue Heaven Holdings [the vehicle through which Moshiri owns the club] and The Friedkin Group over a potential sale of a majority stake in Everton\u00a0have 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.<\/p>\n
\u201cThe Friedkin Group will remain a lender to the club and is proud to have played a key role in enabling the new stadium to be built, which will help ensure a bright future for both Everton and the city of Liverpool.<\/p>\n
\u201cBlue 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. When there is further news to share, it will be provided via the club\u2019s official communication channels.\u201d<\/p>\n
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