Everton confirm 777 Partners’ proposed takeover has collapsed… as the club’s sale purchase agreement with the US investment firm expires

Everton have confirmed that 777 Partners’ proposed takover of the football club has collapsed. 

In a statement issued to the club’s website, Everton announced that their sale purchase agreement with the US investment firm had expired on Friday. 

‘The agreement between 777 Partners and Blue Heaven Holdings Limited for the sale and purchase of the majority shareholding in the Club expired today,’ the Toffees wrote. 

‘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.’

More to follow… 

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