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Everton's Sale to Friedkin Group Falls Through

Posted : 19 July 2024

Everton's potential sale to the Friedkin Group has fallen through after failing to reach an agreement with the American investors. The group, led by US billionaire Dan Friedkin, had entered a period of exclusivity on June 21 to negotiate a possible purchase. However, on Friday, Everton announced that no deal was struck between Friedkin and the club's majority owner, Farhad Moshiri.

 

This marks the second unsuccessful sale attempt for Everton this year, following a previous breakdown in negotiations with Miami-based firm 777 Partners. In a statement, Everton explained, "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 parties agreed it was best for Everton to explore other options.

 

Despite the failed acquisition, the Friedkin Group will remain a lender to Everton, which faced point deductions last season due to breaches of Premier League financial rules. The Friedkin Group also holds a controlling stake in Italian club Roma. Moshiri, who acquired a 49.9 percent share in Everton in 2016, currently owns a 94 percent stake in the club.

 

Everton expressed gratitude towards the Friedkin Group, stating, "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." The club is now set to explore alternative avenues for potential investment or sale.

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