Austute ManCrystal Palace part-owner John Textor has released a statement confirming his interest in purchasing a majority stake in Everton. The American businessman, who currently owns 45% of Crystal Palace, has been in talks with Everton owner Farhad Moshiri to finalize a deal by the end of the week.
In his statement, Textor revealed that he is selling his interest in Crystal Palace to pursue a relationship with Everton. He explained that he made an offer to buy the remaining shares of Crystal Palace but did not receive a response from his partners.
Textor’s statement read: “We can confirm that we are interested in selling our interest in Crystal Palace, largely so that we can pursue a relationship with the Everton club and community. We believe that Palace has become a much more valuable club since 2021, and we respected our partners enough to offer fair value, regardless of circumstances.”
Textor’s pursuit of Everton has been ongoing, with the American businessman failing in his attempt to assume majority ownership of Crystal Palace. He has now turned his attention to the Merseyside club, with talks progressing with Moshiri.
The Everton takeover has been complex, with several parties expressing interest in purchasing the club. 777 Partners and the Friedkin Group both entered a period of exclusivity with the club but were unable to finalize a deal with Moshiri.
However, with Textor’s interest in selling his stake in Crystal Palace, the path has cleared for him to pursue a deal with Everton. Two offers are currently being considered for Textor’s 45% stake in Crystal Palace, with four more investors holding a concrete interest in the shares.
Everton fans will be eagerly awaiting confirmation of the takeover, which could bring much-needed stability and investment to the club. Textor’s business acumen and experience in sports ownership make him an attractive prospect for the Blues.
Unlike previous bidders, Textor is seen as a serious and credible owner who can help Everton reach its full potential. The club’s finances have been well-documented, but with the right ownership, the Blues can unlock their commercial revenue and become a force in the Premier League.
Moshiri’s days as Everton owner are numbered, and the supporters will be hoping that Textor’s takeover can bring a new era of success to the club. With the sale of Textor’s stake in Crystal Palace imminent, the wait for confirmation of the takeover may soon be over.
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