Everton takeover: John Textor’s chances after 777 deadline as ‘elegant’ MSP solution suggested

Former Everton chief executive Keith Wyness has shared his thoughts on John Textor’s potential takeover of the club. With 777 Partners’ deal seemingly falling through, Textor, the US President of Lyon, has expressed interest in buying Everton. However, he must first sell his 45% stake in Crystal Palace.

Wyness believes Textor’s passion for football and resources make him a suitable owner, but the complication lies in his Crystal Palace shares. Wyness suggests that MSP Sports Capital, who loaned Everton £158 million, could provide an “elegant solution” by stabilizing the club while Textor resolves his issues.

Everton’s current owner, Farhad Moshiri, signed an agreement with 777 Partners in September, but the deal has faced numerous delays and payment issues. With the deadline passing, the club’s focus turns to finding alternative solutions. MSP, who has a majority share option, and Textor, who has expressed interest, are potential options.

Wyness notes that Textor’s takeover might not be quick, but negotiations could be ongoing behind the scenes. Textor’s passion for Everton and his resources make him a viable option. The new stadium and the club’s history attract investors like Textor.

The situation is complex, with 777 Partners still trying to sell off sporting assets and Moshiri facing potential losses. Everton needs a solution soon to meet short-term working capital requirements. MSP or Textor could provide the necessary financing, but the club’s profit and sustainability rules and the need for a competitive team next season add pressure.

In summary, John Textor’s interest in buying Everton is genuine, but his Crystal Palace shares pose a challenge. MSP Sports Capital could offer a temporary solution, allowing Textor to resolve his issues. The situation is intricate, with multiple parties involved and various obstacles to overcome. Everton needs a swift resolution to ensure stability and a competitive team for the upcoming season.

The potential takeover of Everton by John Textor has sparked significant interest, with many factors at play. Textor’s passion for football and resources make him a suitable owner, but his 45% stake in Crystal Palace must be sold before any deal can proceed. This complication has led to suggestions that MSP Sports Capital, who loaned Everton £158 million, could provide an “elegant solution” by stabilizing the club while Textor resolves his issues.

The situation is further complicated by 777 Partners’ failed deal, which has left Everton in a state of uncertainty. Moshiri’s agreement with 777 Partners in September has faced numerous delays and payment issues, leading to a deadline passing without a resolution. This has resulted in MSP, who has a majority share option, and Textor, who has expressed interest, emerging as potential alternatives.

Wyness believes that Textor’s takeover might not be quick, but negotiations could be ongoing behind the scenes. Textor’s passion for Everton and his resources make him a viable option, and the new stadium and the club’s history attract investors like Textor. However, the situation is complex, with 777 Partners still trying to sell off sporting assets and Moshiri facing potential losses.

Everton needs a solution soon to meet short-term working capital requirements. MSP or Textor could provide the necessary financing, but the club’s profit and sustainability rules and the need for a competitive team next season add pressure. The situation requires a swift resolution to ensure stability and a competitive team for the upcoming season.

In addition to Textor’s interest, MSP Sports Capital’s potential involvement adds another layer of complexity. Their loan of £158 million to Everton and majority share option make them a significant player in the situation. Wyness suggests that MSP could provide an “elegant solution” by stabilizing the club while Textor resolves his issues, but this would require negotiations and agreements between multiple parties.

The situation also raises questions about Moshiri’s role and potential losses. His agreement with 777 Partners has failed, and he faces the prospect of walking away with nothing from a sale. This, combined with his wealth tied up in Russian firm USM, adds personal and financial pressure to the situation.

The need for a competitive team next season adds an extra layer of urgency to the situation. Everton must navigate profit and sustainability rules while ensuring they can field a competitive team. This requires significant investment and planning, which is challenging given the current uncertainty.

In conclusion, the potential takeover of Everton by John Textor is a complex situation with multiple parties and obstacles involved. Textor’s passion for football and resources make him a suitable owner, but his Crystal Palace shares pose a challenge. MSP Sports Capital’s potential involvement adds another layer of complexity, and the situation requires a swift resolution to ensure stability and a competitive team for the upcoming season.