Report: Businessman who loves Everton is now out of takeover race after latest Farhad Moshiri hurdle

Everton FC’s takeover saga continues to dominate the headlines, with the latest development seeing John Textor, the American businessman and Olympique Lyonnais owner, exit the race to purchase the club. Despite his vocal admiration for the Toffees, Textor’s bid has been halted due to a breakdown in talks with majority shareholder Farhad Moshiri.According to The Telegraph, Textor’s offer was declined by Moshiri after he refused to sign an initial term sheet. This news comes as a surprise, given Textor’s recent praise for Everton, telling The Athletic that the club represents the best of English football and that he loves its history and potential.

Textor’s departure from the takeover race leaves a plethora of other suitors vying for control of the Merseyside club. Local Evertonians George Downing and Andy Bell have stepped forward with a takeover bid, while Roma owner Dan Friedkin is also seeking to add Everton to his multi-club model. Another consortium led by businessman Vatche Manoukian has already tabled a bid to Moshiri.The takeover saga has been a long and arduous process, with 777 Partners’ protracted and ultimately failed attempt to assume control dominating the headlines for months.

However, with their exclusivity agreement lifted, the door has opened for new bidders to emerge.Everton fans will be delighted to see a wealth of opportunities for alternative bidders, after months of uncertainty and disruption. The club’s financial restraints and PSR punishments have made life difficult for manager Sean Dyche, but he has navigated these challenges impressively.As the takeover race heats up, Everton fans will be eager to see who will emerge victorious and take the reins at Goodison Park.

With a promising future on the horizon, the Toffees can finally look forward to a brighter tomorrow after years of misery.In summary, John Textor’s exit from the Everton takeover race marks a significant turning point in the saga. With multiple bidders vying for control, the future of the club hangs in the balance. Everton fans will be keeping a close eye on developments, hoping that the next chapter in the club’s history will be a successful one.