Friedkin Group will not advance discussions to buy a majority stake in Everton, the Premier League side and Roma's owners confirmed in a joint statement on Friday.

Roma's owners will not take a majority stake in Everton after a franchise period. It officially started on June 20, but talks between the two parties have gone nowhere, so the group, led by Dan and Ryan Friedkin, will not take over the English team, KosovaPress reports.

"Following a period of exclusivity, discussions between Blue Heaven Holdings and The Friedkin Group on a possible sale of a majority stake in Everton have ended and the Friedkin Group will not progress with the acquisition of the club," the Friedkins and Everton said in a joint statement. published by the club's official website.

“Both Blue Heaven Holdings and The Friedkin Group entered into discussions in good faith to explore whether a sale could be agreed. These discussions have ended. The parties agree that it is in both their interests for Everton to consider alternative options. The Friedkin Group will remain a lender to the club and is proud to have played a key role in enabling the construction of the new stadium, which will help secure a bright future for both Everton and the city of Liverpool. 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. When there is more news to share, it will be provided through the club's official communication channels," the statement continued.

Everton's troubled takeover has been somewhat closely linked to Serie A, as the previous group interested in the deal was Genoa's owners 777 Partners, a Miami-based fund.

However, talks with the latter also fell through in recent months, so the Friedkin group came forward for negotiations, but the end of the story did not change.

Dan Friedkin bought a majority stake in Rome from fellow American businessman James Pallotta in the summer of 2020.