Everton owner Farhad Moshiri is under pressure to finalize a deal with American sports tycoon John Textor to avoid the possibility of administration. With Moshiri eager to sell his share of the club, Textor has expressed interest in taking over as the majority shareholder. However, Premier League rules require Textor to sell his shares in Crystal Palace before completing the deal.
The uncertainty surrounding Everton’s future has intensified since 777 Partners’ failed takeover attempt last year. Multiple parties, including MSP Sports Capital and Rights and Media Funding Limited, are monitoring the situation, with some reports suggesting they may acquire Moshiri’s controlling stake. However, this could lead to administration, a scenario neither party desires but may be forced into due to the club’s dire financial situation.
Fans are anxious about the club’s fate, especially after a tumultuous season marked by points deductions and rumors of selling key players. While Textor has his critics, his ownership experience at Crystal Palace suggests he may be a better option than the alternative. Under his guidance, Palace has undergone a successful rebuild, with smart appointments like Oliver Glasner.
Everton’s situation is precarious, and the club needs a swift resolution to avoid administration. Moshiri must prioritize a deal with Textor, who has the potential to make a positive impact as the majority shareholder. The American’s experience in rebuilding Palace suggests he could bring stability and success to Goodison Park.
The Toffees’ financial struggles are well-documented, and the threat of administration looms large. While multi-billion pound companies may prioritize saving money over the club’s well-being, Textor’s involvement at Palace suggests he values the football club’s success. Everton fans hope Moshiri will finalize a deal with Textor to secure the club’s future and avoid the devastating consequences of administration.
In related news, Everton has made a move for a record-breaking striker on a free transfer, signaling their intent to strengthen the squad despite the uncertainty surrounding the club’s ownership. As the situation unfolds, fans will be watching closely, hoping for a swift resolution that secures the club’s future under Textor’s ownership.