Premier League side Everton has confirmed the expiry of agreement between 777 partners and Blue Heaven Holdings Limited for the majority shareholding of the club.
This follows the failure by 777 Partners to meet the deadline set by the club if they would like to purchase majority of the shareholding of the club.
“Everton Football Club would like to provide the following update to all stakeholders, and particularly its supporters.
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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.” said Everton.
Even after the news, the club confirmed that business will continue as usual as they work with Blue Heaven Holdings Limited for future club ownership.
“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.” they said
It was the request of Everton to 777 Partners if they could convert their £200m loan to equity and provide assurance that they will complete the construction of their new stadium at Bramley-Moore Dock.
