Crystal Palace Co-Owner John Textor Eyes Everton Buyout
Crystal Palace co-owner John Textor is looking to sell up and potentially set his sights on purchasing Everton. The Toffees owner, Farhad Moshiri, has confirmed that he has been approached by interested parties as the club grapples with mounting off-the-field issues.
Textor’s Interest in Everton
John Textor, the co-owner of Crystal Palace, is considering adding Everton to his Eagle Football collection which already includes clubs like Lyon in France, Botafogo in Brazil, and RWD Molenbeek in Belgium. While Everton is a viable option for Textor, he is exploring ways to maintain a presence in English football.
Exclusive Talks and Potential Collapse
Moshiri is currently engaged in exclusive discussions with troubled US investment group 777 Partners regarding a possible takeover. However, there are concerns that this deal may be on the verge of collapsing. Everton has faced challenges this season, including two points deductions due to disputes with the Premier League over profit and sustainability regulations.
Textor’s Ambitions and Challenges
Textor has expressed his interest in acquiring Everton and has been in talks with various stakeholders. He emphasizes the need to resolve any existing issues and ensure a smooth transition. However, existing agreements may pose obstacles as Eagle Football cannot hold stakes in two Premier League clubs simultaneously.
The Path Forward
While Textor contemplates his next move, he acknowledges the complexities involved and the necessity of addressing all parties’ concerns. He is exploring potential solutions to streamline the acquisition process while respecting the interests of current Everton shareholders.
Future Plans and Opportunity
Despite the success at Crystal Palace, Textor recognizes the limitations of his current ownership structure and the need for a majority shareholding to realize his long-term vision. He believes that a more integrated sporting model, like the one employed by Eagle Football, may not align perfectly with Crystal Palace’s current operations.
In conclusion, John Textor’s pursuit of Everton signifies a strategic opportunity to expand his football portfolio and implement a collaborative approach across his network of clubs. While challenges persist, Textor’s vision for the future of Everton reflects his commitment to fostering growth and innovation within the realm of English football.