LONDON (AP) — Everton, a renowned Premier League club, is facing an uncertain future following the collapse of a proposed takeover by American investment firm 777 Partners. The Miami-based private investment firm had reached an agreement in September to acquire the majority stake held by Farhad Moshiri, the current majority shareholder with a 94.1% ownership. However, the deal fell through as it was not finalized before the deadline.
Everton released a statement confirming the termination of the agreement, stating, '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 uncertainty surrounding the deal was exacerbated by mounting issues faced by 777 Partners in both business and sporting realms.
