Sport nationEverton Takeover Update: John Textor Deal Imminent
An update on John Textor’s proposed takeover of Everton FC is expected within days, according to Sky Sports journalist Alan Myers.
Textor’s Bid
Textor, the part-owner of Crystal Palace, has been in negotiations with Everton’s majority shareholder Farhad Moshiri. Myers reported on September 19 that a deal between the two was imminent.
Barriers to Overcome
However, several hurdles remain:
- Textor’s 45% stake in Crystal Palace must be sold, as Premier League rules prohibit owning two clubs simultaneously.
- Textor needs to gain Premier League approval for the takeover.
- Dan Friedkin, Roma’s owner, has reportedly rekindled interest in buying Everton, potentially complicating Textor’s bid.
Friedkin’s Interest
Friedkin had previously backed out of a deal in July due to financial concerns. Sources close to Friedkin Group deny reports of renewed interest.
Textor’s Challenges
Textor faces similar financial challenges that deterred Friedkin. Premier League rules restrict Textor’s access to Everton’s financial information until he divests his Crystal Palace shares.
Myers’ Update
Myers tweeted: “I would expect some news in the next few days, but what, I don’t know.”
Implications
A successful takeover would mark a significant development for Everton FC. Fans eagerly await updates on the club’s future.
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Amina Umar
