Sport nationEverton FC is reportedly in talks with John Textor, a potential buyer interested in a majority takeover of the club. According to finance expert Kieran Maguire, Textor could agree on a deal to buy Everton before selling his shares in Crystal Palace, another Premier League club he has a stake in.
Farhad Moshiri, Everton’s current chairman, is free to explore alternative takeover options after a deadline with 777 Partners expired on Saturday, June 1. The US group failed to meet the conditions laid out by the Premier League and is now set to lose their exclusivity rights to a takeover deal.
Textor, a 58-year-old American businessman, has emerged as an interested party in a majority takeover at Goodison Park. However, he would be required to sell his shares at Selhurst Park before finalizing the deal. Maguire explained that Textor can enter talks with Moshiri “as soon as possible” to find an agreement.
“For John Textor, it’s definitely a case of sell before you buy,” Maguire told Football Insider’s Sean Fisher. “Having said that, that won’t stop him from going into negotiations with Moshiri as soon as possible and having a bid accepted.”
Maguire compared the situation to selling a house, where the buyer needs to sell their current property before buying a new one. “So you have to get all the ducks in a row,” he said. “Provided that Textor asks for a fair price for his Palace stake, there is no reason why he can’t sell it.”
The potential takeover comes at a crucial time for Everton, who are at risk of administration due to a new problem, according to sources. The club’s financial struggles have been well-documented, and a takeover by Textor could provide a much-needed injection of funds.
Textor’s interest in Everton is seen as a positive development by fans, who have been eagerly awaiting news of a potential takeover. The American businessman has a reputation for being a shrewd operator, and his involvement could bring stability and success to the club.
However, the deal is not without its complications. Textor’s stake in Crystal Palace means that he would need to sell his shares in the club before finalizing the deal with Everton. This could potentially delay the takeover, but Maguire believes that Textor can navigate the situation successfully.
In conclusion, the potential takeover of Everton FC by John Textor is a developing story that could have significant implications for the club’s future. With the club at risk of administration, a takeover by Textor could provide a much-needed lifeline. While the deal is not without its complications, Maguire believes that Textor can navigate the situation successfully and bring stability and success to Goodison Park.
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Amina Umar
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