AliousAccording to The Athletic’s David Ornstein, Everton has entered a period of exclusivity with John Textor, part-owner of Crystal Palace, regarding a potential takeover.
This marks the latest development in Everton’s prolonged search for new ownership since Farhad Moshiri put the club up for sale.
Textor has signed agreements with Moshiri and Everton, but the deal’s completion hinges on several factors, most notably the sale of Textor’s Crystal Palace shares.
Premier League regulations prohibit ownership of multiple clubs in the same division, necessitating Textor’s divestment from Palace before any Everton takeover can proceed.
Under Moshiri’s ownership, Everton has faced financial difficulties, particularly due to high-cost player acquisitions that yielded poor returns on investment.
This has led to off-field challenges for the club.Previous takeover attempts, including a recent one by the Friedkin Group (owners of AS Roma), have fallen through.
Everton fans are eager for a resolution to the ownership situation, especially with the club’s new stadium on the horizon.
The ongoing uncertainty is dampening what should be an exciting time for supporters as they anticipate moving to a new venue.
A successful takeover is seen as crucial for Everton’s future, both financially and in terms of on-field performance.
Alious
