Everton confirm 777 Partners’ takeover has COLLAPSED leaving club on brink of going bust
EVERTON have confirmed that 777 Partners’ proposed takeover of the club has collapsed.
It leaves the Toffees in danger of going into administraton.
Everton’s financial problems already saw them slapped with a points deduction last season.
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.”
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