The Friedkin Group have ended their interest in a takeover of Everton.
Existing majority shareholder Farhad Moshiri struck an exclusivity agreement with the owners of AS Roma over his 94.1% stake exactly four weeks ago,
But despite the Dan Friedkin-led vehicle satisfying a £158 million loan related to Bramley-Moore Dock, the Americans will not be pursuing a planned buyout.
It is understood that the group harboured reservations about several of the Blues’ debts, including one held by their former takeover suitors 777 Partners.
“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,” confirmed a joint statement.
“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.
“Blue Heaven Holdings maintains a positive relationship with The Friedkin Group and would like to thank them for the time and effort they have put into this process.
“When there is further news to share, it will be provided via the club’s official communication channels.”