Everton’s Potential Sale to Friedkin Group Falls Through

The Friedkin Group’s plans to acquire a majority stake in Everton have come to an end after a period of exclusivity granted to them last month. The Premier League club announced on Friday that discussions between Blue Heaven Holdings and The Friedkin Group have concluded, and the latter will not be progressing with the purchase of the club.

Last year, Miami-based investment fund 777 Partners had signed an agreement with British-Iranian billionaire Farhad Moshiri to acquire his 94.1% stake in Everton in a deal worth more than £550 million. Moshiri first bought a 49.9% stake in the club in 2016 and increased it to 94.1% by January 2022.

The takeover by 777 Partners was initially expected to be completed by the end of 2023. However, the process was delayed as the investment fund reportedly struggled to meet the necessary conditions outlined by the Premier League. The takeover agreement ultimately expired last month, leading to the end of the deal.

The Friedkin Group, also owners of Italian Serie A club Roma, entered into exclusive talks with Everton after the previous takeover agreement fell through. However, following the period of exclusivity, both parties have decided not to proceed with the sale of a majority stake in the club. Everton has expressed its intention to explore alternative options moving forward.

Everton’s relationship with The Friedkin Group will continue, with the latter remaining a lender to the club. The investment group played a role in the development of Everton’s new stadium. Despite the failed acquisition, Blue Heaven Holdings, the owner of Everton, maintains a positive relationship with The Friedkin Group and appreciates their efforts during the negotiation process.

The potential sale of Everton to The Friedkin Group has fallen through after a period of exclusivity and discussions between the two parties. The club will now explore alternative options as they move forward. This development comes after a previous takeover agreement with 777 Partners failed to materialize, resulting in the end of a potential deal worth more than £550 million.