John Textor is TOUGH and getting Everton is his reward as he secures the backing of very wealthy FIRM to takeover Everton and……

Everton Takeover Update: John Textor Secures Backing from ‘Ridiculously Wealthy’ Firm Amid Dan Friedkin’s Return

The Everton takeover saga has taken a dramatic turn, with prospective owner John Textor securing backing from US investment firm Aliya Capital Partners. Meanwhile, Dan Friedkin’s group has re-entered the fray, throwing the takeover process into uncertainty.

Textor’s Exclusive Deal

Textor, who currently owns a 45% stake in Crystal Palace, was granted exclusivity by majority owner Farhad Moshiri. However, Everton swiftly distanced themselves from Textor’s claim that the deal would be completed by November 30.

Textor’s Plans

Textor intends to establish a new holding company, Everton Football Group, funded by himself and investors. He already owns French side Lyon, Brazilian club Botafogo, and Belgian club Molenbeek through Eagle Football Holdings.

Aliya Capital Partners’ Involvement

Textor has secured backing from Aliya Capital Partners, described as “ridiculously wealthy.” This development has sparked optimism, but football finance expert Kieran Maguire remains cautious.

Maguire’s Analysis

Maguire highlighted several concerns:

1. Textor’s Crystal Palace shares: Premier League rules require Textor to sell his stake, but Steve Paris, Josh Harris, and David Blitzer have first refusal.
2. Everton’s £600 million loans and 777 Partners’ fraud allegations: Investors may be wary of potential repercussions.
3. Textor’s plan to list Eagle Football Holdings on the New York Stock Exchange: Everton won’t be part of this listing.

Friedkin Group’s Return

The Friedkin Group, who previously opted out of the deal in July, have rekindled interest. Their return throws the takeover process into uncertainty, with Textor still holding exclusivity.

Moshiri’s Criticism

Maguire criticized Moshiri for “letting down the fan base” by allowing multiple prospective owners to enter exclusivity agreements without securing a deal.

Takeover Timeline

The Everton takeover saga has seen multiple twists:

1. 777 Partners’ prospective takeover
2. Friedkin Group’s initial interest
3. Textor’s exclusivity deal
4. Friedkin Group’s return

Conclusion

The Everton takeover remains shrouded in uncertainty. Textor’s securing of Aliya Capital Partners’ backing and Friedkin Group’s return have added complexity to the process. As the situation unfolds, Everton fans eagerly await resolution.