Sport nationJohn Textor, the American businessman and co-owner of Crystal Palace, may be able to complete a takeover of Everton at a significantly reduced price, according to Bryan King, a former Goodison scout. King believes that Farhad Moshiri, the current majority owner of Everton, may be forced to accept a lower price for the club due to the limited demand and the immense debt that comes with it.
Textor has expressed interest in purchasing Everton, and with the 777 Partners deal looking likely to fall through, he may be the only viable option for Moshiri. However, King notes that Everton’s value has decreased significantly due to the club’s struggles on and off the pitch, and the debt that comes with it.
“Could Textor potentially get Everton for a cheaper price?” King asked. “Whoever comes in will need to take on the club’s debt, which is quite immense. If the demand for Everton is limited, then I think Moshiri will be forced to accept a lower price. And this entire mess has been created by himself and the board.”
Moshiri has essentially lost all bargaining power, and with the club’s struggles so public, it’s hard to imagine a queue forming outside Goodison Park. As a result, the club’s majority owner might be forced to accept whatever he can get. Textor, on the other hand, could look to use this to his advantage and negotiate a better deal.
The situation at Everton is desperate, and the club needs a new owner to come in and stabilize the ship. Textor has the resources and the expertise to do just that, and he may be able to get the club for a significantly reduced price. However, it’s worth noting that Textor would need to sell his 45% stake in Crystal Palace before he can complete a takeover of Everton.
In other Everton news, the club is set to complete a “significant” transfer once the takeover is complete. This could be a sign that Textor is already making moves behind the scenes and preparing for his potential takeover.
Overall, the situation at Everton is complex and uncertain, but one thing is clear: the club needs a new owner to come in and take control. John Textor may be the only viable option, and he could potentially complete a takeover at a significantly reduced price.
Amina Umar
Sport nation
