Everton fans have responded with relief at the news that 777 Partners' proposed takeover of the club has fallen through.
In a statement issued to the club's website, Everton announced that their sale purchase agreement with the US investment firm had expired on Friday, May 31.
The Miami-based investment firm had been in talks to buy Farhad Moshiri's majority stake at the club since September, but there had been growing doubts over their ability to purchase the club and provide long-term funding.
Moshiri had provided a two-week extension to their sale purchase agreement in May, and their latest statement comes after the Everton owner held extensive face-to-face talks with representatives of the investment group in London.