Everton say they will “assess all options for future ownership” after the deadline for the sale of the club to 777 Partners expired.
The US-based consortium agreed to buy majority owner Farhad Moshiri’s 94% stake in the club in September 2023.
777 Partners were given until 05:00 BST on Saturday to complete their share purchase agreement of the Toffees but the deadline passed without resolution.
Everton say they will “continue to operate as usual” as they look at their ownership options.
The Miami-based investment firm had been expected to complete their takeover in 2023 but the deal was met with persistent delays as they failed to meet the Premier League’s required conditions.
After being granted an extension in February, the Premier League wrote to the club and Moshiri in May to say 777 Partners must provide proof of funds and turn their £200m loan to Everton into equity.
Moshiri, who took a controlling stake of the club in 2016, has faced a backlash from supporters in recent years after presiding over a period of poor performances on and off the pitch.
Everton posted losses of just under £400m for the four years between 2019 and 2023, which resulted in the club being docked a total of eight points for two seperate breaches of the Premier league’s Profit and Sustainability Rules (PSR).
In May, Moshiri claimed he had received “unsolicited” approaches from other parties interested in the club.
The Toffees are now expected to assess interest from other parties, before making a decision on how to progress.
Source Agencies
