Everton's proposed sale to investment firm falls through

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Everton's proposed sale to investment firm falls through
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Storied Premier League club Everton faces an uncertain future after a proposed takeover by American investment firm 777 Partners collapsed on Saturday.

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Uncertainty has hung over the deal as 777, which owns soccer clubs in Germany, Italy, Belgium and Brazil, has faced mounting problems in both the business and sporting worlds. Everton was a founding member of the English Football League in 1888 and Premier League in 1992. It has won nine league championships, five FA Cups and a European Cup Winnersโ€™ Cup, but has not won a major trophy since the FA Cup in 1995 and in its most recent accounts reported losses of $112.5 million.

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