Everton say 'work to be done' on Textor takeover

Everton Football Club is currently navigating a challenging period, sitting at the bottom of the Premier League after losing their first three matches. Amidst this turmoil, prospective owner John Textor has made statements suggesting that a takeover is imminent, with a deadline for completion set for November 30. Textor, who holds a 45 percent share in Crystal Palace, must divest this stake before he can proceed with the acquisition of Everton. In response to Textor's optimistic remarks, Everton's management issued a statement clarifying that while positive discussions are ongoing, there remains substantial work to be done before any deal can be finalized. This indicates that the club is cautious about the timeline and the complexities involved in the potential ownership transition. Textor, who is the fifth bidder granted exclusivity by current owner Farhad Moshiri, expressed his desire to build a relationship with manager Sean Dyche, indicating he has no immediate plans to make coaching changes. Dyche, in turn, has downplayed concerns about his future, emphasizing the need to focus on the club's broader ambitions. The situation at Everton is further complicated by the uncertainty surrounding the club's ownership and performance, leading to fluctuating ambitions and expectations. As the club seeks stability, the outcome of the takeover discussions will be crucial for its future direction.