Soccer-Everton takeover by US private equity firm falls through

FILE PHOTO: Soccer Football - Premier League - Everton v Liverpool - Goodison Park, Liverpool, Britain - April 24, 2024 General view of the Everton logo on the stadium REUTERS/Carl Recine/File photo

(Reuters) - 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.

In September the Miami-based investment fund said it had signed an agreement with British-Iranian billionaire Moshiri to acquire his 94.1% stake in the club.