Everton takeover talks with Friedkin Group collapse as Toffees handed fresh blow

Everton remain on the hunt for new owners after the Friedkin Group’s proposed takeover of the club collapsed.

The group, which is led by the American billionaire Dan Friedkin and own a controlling stake in Italian club Roma, had been in a period of exclusivity to negotiate a possible purchase since last month.

There had been optimism a deal could be struck, but it was announced by Everton on Friday morning that talks were off.

The news is a blow to Everton, who saw a takeover by 777 Partners collapse earlier on this summer.

The US-based consortium had agreed to buy majority owner Farhad Moshiri’s 94% stake in the club in September 2023, but it was announced at the start of June a deal was off.

The Friedkin Group then emerged as potential new owners, however they have now stepped away from talks as well.

“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,” an Everton statement read.

“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.”