John Textor seeks to sell Crystal Palace shares amid Everton bid
- John Textor owns 45 percent of Crystal Palace and has appointed the Raine Group to manage the sale of his shares.
- Around 14 parties have expressed initial interest in purchasing Textor's stake, with some engaging in serious negotiations.
- Textor's efforts to buy Everton have accelerated the sale process, indicating a potential shift in club ownership dynamics.
John Textor, a US businessman, is actively seeking to sell his 45 percent stake in Crystal Palace as he intensifies efforts to acquire Everton. He has engaged the Raine Group, a merchant bank, to facilitate the sale process. Initially, Textor aimed for a soft deadline of late September for expressions of interest in his shares, but his focus on purchasing Everton has prompted him to expedite the sale of his Palace shares. Currently, around 14 parties have shown initial interest, with a few engaging in serious negotiations. The situation is evolving, and there is optimism that a preferred bidder will be announced soon. Textor's pursuit of Everton is supported by Aliya Capital Partners, who are backing his bid for the club's majority stake held by Farhad Moshiri. Although positive discussions have occurred, the transaction is still pending further work to finalize the deal. This strategic move by Textor highlights the interconnected nature of club ownership in football, where the sale of one asset can significantly impact the acquisition of another.