John Textor in Talks for Everton Takeover
- John Textor is in Liverpool for final takeover talks with Everton owner Farhad Moshiri.
- An agreement between John Textor and Everton is expected to be reached by the end of the week.
- The potential takeover deal is generating a lot of buzz in the business and football communities.
American billionaire John Textor is currently in Liverpool to negotiate a potential takeover of Everton Football Club with owner Farhad Moshiri. Following a recent period of exclusivity granted by Blue Heaven Holdings, Textor aims to finalize a deal by the end of the week. His renewed interest comes after the Friedkin Group, initially favored by Moshiri, withdrew their bid due to concerns over legal issues related to £200 million in loans from 777 Partners, the first group to propose a takeover. Textor, who holds stakes in several clubs including Lyon and Crystal Palace, arrived in London before heading to Liverpool for discussions. Sources indicate that the terms of his offer mirror those made in June, and he is optimistic about securing financing for Everton's new stadium at Bramley-Moore dock, potentially allowing him to delay the takeover until January. However, a significant hurdle remains: Textor may need to divest his 45% stake in Crystal Palace to comply with Premier League regulations. In the backdrop, a bid from fellow Americans Josh Harris and David Blitzer for a £100 million stake in Palace was rejected, while three other investors have shown interest in acquiring Textor's shares. Palace chairman Steve Parish has expressed support for Textor's ambitions, stating that the club will assist him in pursuing his goals, despite concerns about his control over multiple clubs.