Updated Premier League clearance for Everton’s acquisition as John Textor seeks a speedy acquisition
There is reportedly a “boardroom standoff” going on at Selhurst Park as talks with other Eagles investors Josh Harris and David Blitzer are reportedly at an impasse and Textor’s bid to buy them out has reportedly been turned down.
With the exception of Dan Friedkin, the owner of Roma, Kaminski Group, MSP Sports Capital, and 777 Partners, Textor is the sixth bidder to sign an exclusive deal with Moshiri.
Everton bidder in Crystal Palace bind alongside David Blitzer and Josh Harris
Given that the Miami-based company failed to receive league clearance for the whole previous season, 777 Partner’s disastrous effort to take control at Goodison Park demonstrated that getting Moshiri to agree to a contract is perhaps the easiest part.
Although he still hasn’t found a way out of his dilemma at Palace, Textor must be getting his faith in a Toffees takeover from somewhere, but it’s hard to pinpoint where.
It appears probable that the league won’t be interested until he sells his assets in South London, even if Moshiri gives him the go-ahead.
The American has already received two bids prepared to buy those shares promptly, according to a report from Sky News on August 26. It is unclear, though, if either would provide him with the profit he is rumored to be seeking [Guardian, August 9].
When he addresses the issue on Merseyside, the Lyon owner will still have a difficult task ahead of him, even if he manages to separate himself from any complicating elements at Palace.
With the announcement that Moshiri is the target of legal action from erstwhile sponsor Alisher Usmanov [The Athletic, 10 September], the situation seems to be becoming more convoluted rather than less clear. Some purchasers reportedly fear that an acquisition may violate sanctions regulations.
Friedkin’s proposal was rejected due to “unresolvable” issues over current Everton indebtedness, even if that turns out not to be a problem [The Esk, July 20].
Thus, while Textor appears to be willing, it remains to be seen if he will actually be able to.
In unrelated Everton news, a financial expert has recommended that a new billionaire purchase the Toffees altogether.
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