According to The Guardian, John Textor thinks he can reach an agreement to purchase Everton from Farhad Moshiri in the next four weeks.
On September 10, the newspaper said on its website that after being given exclusive negotiation rights, the American is “confident” he can close a deal with the Toffees main shareholder in a matter of months.
He is the sixth party to have reached an exclusivity agreement with Moshiri; he comes after Dan Friedkin, who withdrew from a takeover in the summer over unresolved debts to 777 Partners, the party that came before him.
Dan Friedkin was replaced by John Textor in the Everton takeover image.
While striking an agreement with Moshiri is undoubtedly an important step in the process, it’s also maybe one of the easier ones Textor has to deal with in a complex situation.
His 45% stake in Crystal Palace is still a significant obstacle, and after months of attempts, he has not been able to sell the shares [The Esk, 31 May]. On the other hand, Sky News said on August 26 that he now has two proposals that might be carried out right away.
Friedkin called the current state of Goodison Park’s finances “unresolvable,” making it a significant puzzle in and of itself [The Esk, 20 July].
However, Textor entered the race again when his countryman withdrew, indicating that he saw an opening where some opponents have refused to enter.
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Though those close to the process are rumored to not consider him a serious bidder, not everyone shares his confidence in his potential ownership of the Toffees.
In contrast, others anticipate that Friedkin will eventually make a comeback, according to Paul Brown on August 29. However, as things stand, it appears like Textor is abusing his exclusive deal and pushing forward from the lead.
In other Everton news, a manager has re-entered the running for the Toffees job by taking advantage of Dyche’s impending dismissal.
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