Everton’s Takeover Saga: David Blitzer’s Behind-the-Scenes Alliance Could Seal Unusual Bridging Deal
As 777 Partners’ attempt to take over Everton appears doomed, Farhad Moshiri is turning to other credible options. Two parties are in the mix: MSP Sports Capital and Crystal Palace co-owner John Textor. MSP has an option to take full control of Everton as part of a pre-existing financing agreement, which could be critical given the club’s desperate need for working capital.
Textor, who owns 40% of Palace, wants to sell his stake to satisfy Premier League regulations on dual ownership and fund an Everton takeover. This is where David Blitzer comes in. Blitzer, an American multi-sport investor, owns a 10% stake in Palace and is also involved with MSP Sports Capital. He could use his relationship with MSP’s chairman and CEO, Jahm Najafi and Jeff Moorad, to push for a temporary bridging arrangement.
Under this scenario, MSP would exercise their option to take full control of Everton, relieving pressure on Textor to sell his Palace stake immediately. This would allow Textor time to organize finance and logistics for running the club. When Textor is ready, he could complete his own takeover of Everton.
The situation is complex, with 777 Partners facing financial and legal crises. Moshiri has given them until May 31 to prove they have funds to complete a deal, but this appears unlikely. In contrast, an MSP takeover would be quicker and more credible, receiving swift approval from the Premier League.
Everton fans hope for a swift resolution to the takeover saga, which has dragged on for over a year. A temporary or permanent solution is needed to bring the club out of takeover purgatory. The behind-the-scenes alliance between Blitzer, Textor, and MSP could be the key to unlocking a bridging deal, paving the way for a smoother takeover process.
The connection between Blitzer and MSP is crucial. Blitzer’s involvement with Bolt Football Holdings, the investment vehicle of MSP’s chairman and CEO, creates a link between the parties. This could facilitate a temporary arrangement, allowing Textor time to organize his funds and complete a takeover.
Everton’s financial situation is precarious, and a swift resolution is essential. The club needs working capital, and MSP’s financing agreement could provide a lifeline. Textor’s intentions to exit Palace are clear, and a bridging deal would be in the interest of both parties.
The takeover saga has been ongoing for over a year, with 777 Partners facing numerous challenges. In contrast, MSP’s credibility and swift approval from the Premier League make them a more attractive option. Everton fans hope for a swift resolution, and the behind-the-scenes alliance between Blitzer, Textor, and MSP could be the key to unlocking a bridging deal.
In conclusion, the Everton takeover saga is complex, with numerous parties involved. The connection between Blitzer, Textor, and MSP could facilitate a temporary bridging arrangement, allowing Textor time to organize his funds and complete a takeover. A swift resolution is essential, and Everton fans hope for a positive outcome to bring the club out of takeover purgatory.