Soccer-Everton takeover by US private equity firm falls through

First pediatric patient to undergo scoliosis surgery from robotic arm | SaltWire - Everton's takeover agreement with prospective owner 777 Partners has expired, the Premier League club said on Saturday, after the U.S. private equity firm failed to complete the acquisition of Farhad Moshiri's majority stake by the Friday deadline.

"The agreement between 777 Partners and Blue Heaven Holdings Limited for the sale and purchase of the majority shareholding in the club expired today," Everton said in a statement. Moshiri, a former Arsenal shareholder, first bought a 49.9% stake in Everton in 2016. By January 2022, he had increased his stake to 94.1% with a 100-million-pound capital injection.

The club finished 15th in the Premier League after being hit with two separate points deductions for breaching profit and sustainability rules.

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