Everton's future unclear as exclusivity period ends

Everton's takeover bid from Peter Kenyon's U.S. consortium "now looks in the balance after conflicting claims emerged from the parties involved." Sources close to club Owner Farhad Moshiri said that he has ended talks with the group and "the deal is now dead," but representatives of the group led by real estate tycoon Maciek Kaminski "have subsequently insisted that their position hasn't changed." The group's period of exclusivity ended Friday and aides to Moshiri, who has been Everton's majority shareholder since '16, "insist he remains fully-committed to the club and the completion of the new stadium." However, representatives of the the Kaminski group said that "paperwork was exchanged overnight" with regards to an exclusivity extension (LIVERPOOL ECHO, 7/1).

Kenyon's group began talks with Everton as the club sought investment for its new £500M ($603M) stadium. With Everton having reportedly "decided to move on" from the takeover talks, it is not clear if the group is "still interested in helping to fund the stadium." Everton has posted losses of £372M ($449M) over the past three seasons, and has suspended contracts with Russian sponsors who were owned or part-owned by Russian billionaire Alisher Usmanov (BBC, 7/1).

Meanwhile, EPL side Leeds and Burnley "dropped the threat of legal action against Everton" and the EPL over the club's finances (BBC, 7/1).

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