Everton owner Farhad Moshiri has granted American businessman John Textor a period of exclusivity as he aims to purchase a majority stake in the Premier League club. While discussions have taken place, a deal is not yet close. Textor is the latest potential buyer after talks fell through with both 777 Partners and the Friedkin Group earlier this summer. However, any deal is contingent on Textor selling his 45% stake in Crystal Palace, as Premier League rules prevent individuals from owning multiple teams.
Everton manager Sean Dyche expressed his hopes for a resolution, stating that he cannot control the club’s business model or the sale of the club. He emphasized the need to focus on the controllables and continue working hard. Dyche revealed that he has had limited communication with Moshiri, but expects to speak with him soon.
Textor, through his company Eagle Football Holdings, already has stakes in other clubs such as Lyon in France, Botafogo in Brazil, and Molenbeek in Belgium. In May, he confirmed his intention to sell his stake in Crystal Palace and expressed interest in purchasing Everton, stating that his group could potentially solve many issues for the club.
Crystal Palace chairman Steve Parish described the situation between himself and Textor as amicable, acknowledging that Textor’s minority position in the club makes it challenging for him to pursue his goals. Parish expressed support for Textor’s desire to explore other opportunities and pledged to assist him in achieving his desired position.
Previous potential buyers, 777 Partners and the Friedkin Group, were unable to finalize deals with Everton. 777 Partners had agreed to purchase Moshiri’s stake but missed the deadline, while the Friedkin Group withdrew from talks after a period of exclusivity and a £200m loan.
Overall, the potential sale of Everton to John Textor is still in progress, with various factors and Premier League regulations influencing the process. The club and its fans await further developments, hoping for a resolution that will bring stability and progress to the team.