The proposed acquisition of Everton Football Club has been terminated.

Everton’s English defender #32 Jarrad Branthwaite (L) celebrates scoring the opening goal during the English Premier League football match between Everton and Liverpool at Goodison Park in Liverpool, north west England on April 24, 2024. (Photo by Paul ELLIS / AFP)

The potential sale of Everton Football Club to the Friedkin Group will not proceed as the Premier League club and the American investors were unable to reach an agreement.

Dan Friedkin, a billionaire from the United States, led the group that entered into exclusive negotiations for a possible purchase on June 21.

Nevertheless, the Goodison Park organization clarified on Friday that no agreement had been reached between Friedkin and the club’s primary owner, Farhad Moshiri.

This marks the second instance this year that Everton has been unable to successfully complete a sale, following the collapse of a deal with Miami-based firm 777 Partners.

“Discussions between Blue Heaven Holdings and the Friedkin Group over a potential sale of a majority stake in Everton have ended and the Friedkin Group will not be progressing with a purchase of the club,” a statement from the Merseyside club read.

“Both Blue Heaven Holdings and The Friedkin Group entered discussions in good faith to explore whether a sale could be agreed. Those discussions have concluded. The parties agree it is in both their interests for Everton to explore alternative options.”

The Friedkin Group will continue to provide financial support to Everton Football Club, despite the club facing two point deductions last season due to violations of Premier League financial regulations.

The Friedkin Group also holds a majority stake in the Italian football club, AS Roma.

Farhad Moshiri, who acquired a 49.9 percent share in Everton in 2016, remains the majority owner of the club with a 94 percent stake.

“Blue Heaven Holdings maintains a positive relationship with The Friedkin Group and would like to thank them for the time and effort they have put into this process,” the Everton statement added.