Sport nationMonday evening Sad News: Everton club must be CURSED after crazy report shares why what was suppose to be a blessing(Textor taking over) to Everton will no longer happen
The prospects of an Everton takeover by John Textor or Sixth Street have been dealt a significant blow, according to a report by The Athletic. The outlet suggests that the club’s substantial debt issues, totaling almost £1 billion, make it unlikely that any American investor will come to the rescue.
The report comes after the collapse of 777 Partners’ takeover bid, which had been seen as a potential solution to Everton’s financial woes. However, with the club’s debt levels remaining a significant concern, it appears that any potential buyer will be deterred from making a move.
John Textor, the current co-owner of Crystal Palace, had expressed interest in acquiring Everton, but any potential deal would require him to first sell his stake in the Selhurst Park outfit. Even if Everton were able to halve their debt, it is expected that Textor would be “too late to the party” to be the one to take over from Farhad Moshiri at Goodison Park.
The situation at Everton is dire, with the club in desperate need of new ownership. While 777 Partners had provided some financial support in recent months, their takeover bid was always unlikely to succeed, and their withdrawal has left the club in a precarious position.
Textor may seem like a better alternative, but the report suggests that any potential buyer will be put off by the club’s significant debt issues. With almost £1 billion owed to various parties, it is a daunting task for any potential owner to take on.
The consequences of not finding a new owner could be severe, with administration a very real possibility. This would only serve to further damage the club, making it even harder to attract potential buyers in the future.
For now, it seems that Farhad Moshiri will remain in charge at Goodison Park, but the situation is far from ideal. The club needs a new owner, and fast, but it appears that any potential buyer will be put off by the significant debt issues.
In other Everton news, one talkSPORT host has insisted that three Toffees stars “will go” during the summer transfer window, further adding to the uncertainty surrounding the club’s future.
As the situation continues to unfold, Everton fans can only hope that a solution will be found soon. The club’s financial issues cannot be ignored, and it is imperative that a new owner is found to stabilize the club’s finances and secure its future. Until then, the uncertainty will continue to linger, casting a shadow over the club’s future prospects.
Sport nation
Amina Umar
