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 the proposed takeover of the football club by 777 Partners has failed.

In a statement on the club’s website, Everton announced that their purchase agreement with the American investment company had expired on Friday.

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

‘The Club’s Board of Directors recognizes the significant financial support that 777 Partners has provided to the Club over recent months and would like to take this opportunity to thank them.

“The Club will continue to operate as usual while working with Blue Heaven Holdings to assess all options for the future ownership of the Club.

‘The Board would like to thank everyone associated with Everton for their patience over recent months and reiterates its commitment to providing further updates as appropriate through the Club’s official communication channels.’

More to follow…