Friedkin Group Will Not Progress In Purchasing Everton

Spirit of The News
Jul 19, 2024
1 min read

Everton have released a club statement regarding the period of exlusivity they granted to The Friedkin Group.

It has been revealed that they will not progress in purchasing the majority share in the club.

Everton will now have to divert to other potential buyers to clear the debt from multiple sources and drive the club in the right direction.

Everton Club Statement:

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.

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.