It leaves the Toffees in danger of going into administraton.Everton's financial problems saw them slapped with a points deduction last season - but they still managed to avoid relegation.
It leaves the Toffees in danger of going into administraton.Everton's financial problems saw them slapped with a points deduction last season - but they still managed to avoid relegation.A club statement read: "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 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."after declaring he is ready to sell his stake in the Eagles.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Everton’s 777 takeover collapsedYears of mismanagement and financial chaos led to this point - it is unclear where Farhad Moshiri turns next
Read more »
MSP Sports Capital consider Everton takeover return with 777 Partners on brinkFarhad Moshiri is understood to be ready to break off from 777 Partners seven months on from deal being agreed
Read more »
Sean Dyche reveals grim Everton transfer reality with 777 Partners on brinkIf a takeover of Everton does not take place then the club would have to find player solutions from within warns Sean Dyche
Read more »
Everton: 777 Partners call in finance experts as takeover uncertainty growsThe prospective buyers of Everton, 777 Partners, engage finance restructuring experts, casting further doubts over their takeover.
Read more »
Everton takeover: 777 Partners ‘not out of the picture’The inside track on the football stories that matter
Read more »
Prospective Everton owner 777 Partners accused of fraud in U.S. lawsuitProspective Everton owner 777 Partners is being accused of fraud by a pair of London-based asset management companies.
Read more »