Everton have confirmed that The Friedkin Group (TFG) will not be progressing with a proposed takeover.
Dan Friedkin, the owner of Serie A outfit AS Roma, emerged as a potential buyer after a controversial deal which would have seen 777 Partners acquire Everton collapsed.
Talks over a deal have taken place over the past four weeks after TFG entered into a period of exclusivity – but it has now been confirmed that a deal has not been reached.
The Toffees confirmed the news in a statement which read: “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.
“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 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.
“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.
“When there is further news to share, it will be provided via the Club’s official communication channels.”
777 Partners, an American investment group, loaned Everton £200million last season to ensure the club avoided serious financial issues.
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