Crystal Palace co-owner John Textor wants to SELL 45 per cent stake in club and reveals he has ‘had conversations’ around buying Everton, claiming he can ‘solve a lot of problems’ for the Toffees
- Crystal Palace co-owner John Textor wants to sell his 45 percent stake in them
- He has his eyes on buying Everton, which is going through a takeover saga
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Crystal Palace co-owner John Textor says he wants to sell his 45 percent stake in the club and buy Everton.
He has called in banking firm Raine to help him sell after failing to acquire a majority stake in Palace, who finished 10th in the Premier League this season.
Textor is chairman of Eagle Football Holdings, which has interests in Palace, Lyon, Botafogo, WD Molenbeek and FC Florida.
He believes he can ‘solve a lot of problems’ for Everton, but Mail Sport understands that by the time he sells out it is doubtful the Toffees will still be on the market or for sale.
“Based on the early reactions to the process we have begun with Raine Group, it is clear that the momentum at Crystal Palace has not gone unnoticed,” Textor said. The Athletics.
John Textor, co-owner of Crystal Palace, wants to sell his stake in them and buy Everton
Textor’s Eagle Football Holdings has stakes in several clubs worldwide but has failed to acquire more than 45 percent of Palace
“I am confident that a large number of potential partners will seize the opportunity to be part of this promising future.”
He added that ‘an integrated sporting model, such as ours at Eagle, is simply not a perfect fit for Crystal Palace.’
Textor has failed to acquire a majority share in the club. He bought 40 percent for £87.5 million in 2021, before increasing that by a further five percent for £30 million.
Potential Everton buyers 777 Partners have until May 31 to complete a deal to take control of the Toffees.
Current owner Farhad Moshiri granted them a shock two-week extension to prove they can buy the club.
The company, led by Josh Wander and Steve Pasko, struck a deal to buy Everton in September but a lengthy saga ensued as it could not meet the Premier League’s strict criteria for the takeover to go ahead.
However, earlier this month they had frozen the assets of their company in Belgium following an alleged payment arrears relating to their ownership of top club Standard Liège.
Textor told The Athletic: ‘Yes (I have had discussions about buying Everton), with the existing voters – different groups, different lenders, different shareholders.
Farhad Moshiri has given 777 Partners until May 31 to prove they can buy the club from him
The company, led by John Wander (pictured) and Steve Pasko, has an agreement to buy Everton but could not meet the criteria for the takeover
“I asked them, ‘Is there a way to clear up all this confusion and address everyone’s problems?’ I’m very open to it, but I don’t want to end up in a situation where I’m not really welcome.
‘I look at it, but 777 still has a contract. There are people who are close to the club, who care a lot about it and who also invest.
‘There is the man who runs it (Moshiri) who is still in control. Maybe we’re in a unique position to solve a lot of problems for people, but we’re only looking at it now because there are other people who already own pieces of that club and they want to find out too. I’m looking into that, but it’s quite confusing and some things need to be cleared up.’
He must sell his stake in Palace before he can buy into Everton. Premier League rules prohibit the simultaneous ownership of two clubs in the competition.
‘Everton represents the best of English football: the struggle, the glory, the lack. I love that it’s outside London. “Everyone should want to buy Everton now,” he said.
“That kind of club is what I’m talking about, where the risk and reward of your relationship and community are so great and you can come in, make promises and keep them. How great would it be to bring some sort of glory back to one of these great English clubs?
Textor: ‘Everton represents the best of English football: the struggle, the glory, the need’
‘We are also looking at other options and we don’t have to jump into something straight away from Palace. That would be a mistake.
‘I suspect the problem with Everton is that it won’t be available by the time we are ready. You can’t own two clubs in one competition and we’re not going to rush the situation at Palace, no matter how good a new opportunity seems.”