Everton official statement – Takeover collapses | OneFootball

The Everton takeover has collapsed.

An official club announcement on Friday revealing the news.

A period of exclusivity was entered into between the current Everton ownership and The Friedkin Group, to see if a takeover could be agreed.

However, today’s announcement revealed that the talks were at an end and The Friedkin Group will not be taking over.

Amongst the media reporting on the story, The Athletic saying that The Friedkin Group had decided that the financial position of Everton is so desperate and it’s ‘simply too fraught with risk to proceed’ with a takeover.

With only four weeks to go until the new season kicks off, not exactly the news that Everton fans were hoping for.

‘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.