Everton’s owner Farhad Moshiri is currently on Merseyside with John Textor, intensifying discussions over a potential takeover at Goodison Park. An agreement between the two parties is anticipated by the end of this week, potentially bringing much-needed resolution to the club’s ownership situation.
The latest development in this saga emerged earlier this month when it was reported that Textor, who owns a stake in Crystal Palace, had entered an exclusivity agreement with Moshiri. The terms of the deal are still being ironed out, but Textor’s acquisition of Everton hinges on him selling his shares in Palace. Premier League regulations prohibit ownership stakes in two clubs, so Textor must divest his interest in Palace before finalizing the takeover.
According to The Guardian, Moshiri and Textor are engaged in detailed talks, and there is optimism that a deal could be finalized soon. Textor is reportedly confident about securing financing for Everton and their new stadium, which could mean the takeover might be completed by January. This financing plan is critical for Everton, who are navigating a significant financial restructuring.
Textor has reportedly rebuffed a substantial £100 million offer from Josh Harris and David Blitzer, who currently hold an 18% stake in Crystal Palace. Textor’s decision to turn down this offer underscores his commitment to completing the takeover of Everton and potentially reshaping the future of the club.
Everton’s recent history has been marked by high-profile signings under Moshiri, including Gylfi Sigurdsson from Swansea City for £41.7 million, Richarlison from Watford for £33.1 million, and Romelu Lukaku from Chelsea for £29.8 million. Despite these investments, the club has struggled with on-field success and financial stability, leading to a period of uncertainty and instability.
The most recent failed takeover attempt was led by the Friedkin Group, owners of AS Roma. Negotiations fell through, leading Moshiri to seek alternative buyers. Although an agreement was initially reached in September, almost a year has passed with no resolution.
Everton fans have endured a turbulent period, with the club grappling with financial issues and ownership uncertainty. Moshiri’s tenure has been marred by significant spending with limited success, and there is growing hope that Textor’s potential takeover could provide a fresh start for the Toffees.
As discussions continue, supporters are eagerly awaiting positive news, hoping that a new ownership structure could bring stability and a renewed focus on building a successful future for the club.
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