GOOD NEWS-£128m takeover news from Germany in last 24 hours could trigger Everton buyout

Latest Developments in Everton Takeover Saga

In a surprising turn of events, the recent news from Germany could trigger a chain reaction that ultimately leads to Farhad Moshiri’s departure from Everton. The British-Iranian billionaire has been trying to sell his 94% stake in the club for over a year, but the latest developments with 777 Partners have forced him to explore other options.

Moshiri had agreed to a full takeover deal with the Miami-based investment group, but the Premier League refused to ratify it due to concerns over their ability to fund the club. This setback has led Moshiri to seek more credible buyers, and it appears that two investors have shown genuine interest – MSP Sports Capital and Crystal Palace co-owner John Textor.

Textor, a billionaire with stakes in six football clubs, owns 45% of Crystal Palace and is looking to sell his stake to reinvest in Everton. David Blitzer, another US investor with equity in several clubs, including Bundesliga side Augsburg, is reportedly looking to sell his 45% stake in the German club for around £128m. This move could be strategic, but it may also be a way for Blitzer to raise funds to increase his stake in Palace by purchasing more shares from Textor.

The implications of this deal are significant, as it could hasten Textor’s exit from Palace and pave the way for his takeover of Everton. Blitzer’s close business links to MSP Sports Capital, which has an option to take a controlling stake in Everton as part of a £160m loan to the club, add another layer of complexity to the situation.

While MSP tends to be a silent partner in their football investments, they may strike a deal to take control of Everton temporarily while Textor arranges the sale of his Palace shares to Blitzer. This would allow Textor to eventually assume full ownership of Everton.

The web of connections between these investors and clubs is intricate, but the pieces may finally be falling into place for Textor to become Everton’s new owner. As the takeover saga continues to unfold, Everton fans will be watching with bated breath to see who will ultimately take the reins at Goodison Park.