Everton's latest takeover negotiations are OFF as the Toffees and Friedkin Group end talks with joint statement - with club confirming they will 'explore alternative options'

  • Everton owners Blue Heaven Holdings are trying to sell the Liverpool-based club
  • Negotiations with 777 Partners - who club owe money - had already collapsed 
  • LISTEN to It's All Kicking Off! EUROS DAILY: How do England get the best out of Jude Bellingham?

By Lewis Steele

Published: | Updated:

 Everton have been plunged back into chaos after another proposed takeover of the club collapsed yesterday.

The Friedkin Group (TFG), who also own Serie A side Roma, have pulled out of a bid to buy the club over concerns about debt owed to previous would-be buyers 777 Partners.

The Texas-based group, led by Dan Friedkin, entered into an exclusivity agreement with Everton’s majority shareholder Farhad Moshiri four weeks ago.


It was seen as a huge boost after a protracted saga earlier in the summer in which talks with 777 collapsed.

But TFG cited worries about debts left behind by the controversial Miami-based firm, whom the club owe around £200million.

Everton have confirmed that talks with Friedkin Group over a potential takeover have ended

Everton have confirmed that talks with Friedkin Group over a potential takeover have ended

Dan Friedkin (pictured), who also owns Roma, had entered into an exclusivity agreement with Everton's majority shareholder Farhad Moshiri

Dan Friedkin (pictured), who also owns Roma, had entered into an exclusivity agreement with Everton's majority shareholder Farhad Moshiri

TFG have pulled out over concerns about the debt they would take on from the previous would-be buyers 777 Partners (pictured)

TFG have pulled out over concerns about the debt they would take on from the previous would-be buyers 777 Partners (pictured)

777 are now being looked at by insolvency experts after a series of lawsuits, allegations of fraud and delayed payments in the last year. 

Although TFG will not be buying the club, the firm have lent Everton money owed to another lender, MSP Sports Capital, and paid the latest invoice owed to Laing O’Rourke, the constructor of the Toffees’ new stadium at Bramley-Moore Dock.

A joint statement from the club and TFG read: ‘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.’