“Everton Takeover Talks: John Textor Closes in on Complex Deal Amid Financial Hurdles and Fan Skepticism”
John Textor is continuing discussions with Farhad Moshiri as he works towards a complex deal to purchase Everton. However, progress is still needed on the latest takeover attempt.
It’s reported that finalizing an agreement this week is “unlikely,” despite increasing talks between Textor and Moshiri. Textor has entered exclusivity with Blue Heaven Holdings in his pursuit of a 94.1% stake in the club.
Both parties seem eager to move forward, which would overcome the first of several obstacles toward a possible takeover. Moshiri was in Merseyside for club matters, while Textor is believed to be in the UK as well.
Textor aims to add Everton to his Eagle Football Group, which already includes Lyon, Botafogo, and Molenbeek. However, he must first sell his 45% stake in Crystal Palace before the Premier League can approve any takeover.
According to a Guardian report, Textor is targeting January for deal completion, giving him time to sell his Palace shares. Everton fans, wary after two failed takeover attempts this year, may approach the latest news with caution.
Football finance experts have raised concerns over whether Textor has enough capital to both manage Everton’s substantial debt and reinvest in the club. There’s also a £200 million loan owed to the Friedkin Group, which would need immediate repayment if ownership changes.
Reports indicate there has been no communication between Textor and the Roma owners, and the Friedkin Group is seen as unlikely to negotiate a payment plan with someone who already owns multiple football clubs.
Textor is reportedly prepared to pay off the debt and invest additional funds to revitalize Everton, which is currently managing financial constraints due to profit and sustainability regulations and the completion of the new stadium at Bramley Moore Docks.
A new owner is crucial for the club’s future stability, and there has been significant interest in acquiring Moshiri’s stake. Textor, who first made a proposal in June after the failed 777 Partners bid, has emerged as the leading contender.