Everton are ‘assessing all options’ after 777 Partners’ takeover bid faltered.
The Miami-based investment group had until 5am on Saturday to finalise their 94.1% buyout of Farhad Moshiri’s shares following eight months of delays.
But 777’s failure to complete their takeover by the extended deadline has forced the Blues’ majority shareholder to return to the drawing board.
Moshiri previously admitted that he had received ‘unsolicited approaches’ from potential suitors yet could not pursue them before the deadline elapsed.
“The agreement between 777 Partners and Blue Heaven Holdings Limited for the sale and purchase of the majority shareholding in the club expired today,” confirmed a club statement.
“The club’s board of directors recognises the considerable level of financial support 777 Partners has provided the club over recent months and would like to take this opportunity to thank them for this.
“The club will continue to operate as usual, while it works with Blue Heaven Holdings to assess all options for the club’s future ownership.
“The board of directors would like to thank everyone connected to Everton for their patience over recent months and reiterate its commitment to providing further updates when it is appropriate to do so through the club’s official communication channels.”