John Textor updates on Everton takeover and Crystal Palace interest

John Textor, an American businessman, is in negotiations to acquire a majority stake in Everton, with a 90% chance of reaching an agreement before the exclusivity deadline of November 30. His potential ownership of Everton is complicated by his existing 45% stake in Crystal Palace, as the Premier League prohibits individuals from owning multiple clubs in the same division. Textor acknowledges the challenges posed by this rule and is exploring options for selling his Palace stake. Currently, there are 14 interested groups in acquiring his share of Palace, with two having made substantial bids. Textor's commitment to both clubs is evident, as he expresses a deep passion for football and the honor of potentially owning Everton. The situation remains fluid, with ongoing negotiations and the need to balance his interests in both clubs as he navigates the complexities of ownership regulations.