Sep 12, 2024, 1:43 PM
Sep 12, 2024, 1:43 PM

Everton engages in positive talks with Textor for club purchase

Highlights
  • Everton is in discussions with John Textor regarding his potential purchase of the club.
  • Textor aims to sell his stake in Crystal Palace to facilitate the acquisition.
  • The club remains focused on supporting the current team while negotiations continue.
Story

Everton Football Club has confirmed that it is in 'positive conversations' with American businessman John Textor regarding his potential acquisition of the club. Textor, who is 58 years old and has a background in digital media and entertainment, expressed his desire to sell his stake in Crystal Palace to facilitate the purchase of Everton. He indicated that he is optimistic about finalizing the deal before the exclusivity agreement with the club expires on November 30. In a recent interview, Textor emphasized the significance of the opportunity to own Everton, likening it to being asked to become the president of the United States. He also clarified that he has not engaged in discussions about replacing the current manager, Sean Dyche, and expressed a preference for keeping the team at Goodison Park rather than moving to the new stadium at Bramley-Moore Dock, despite recognizing its financial benefits. Everton's statement highlighted that while progress is being made in negotiations with Textor, there is still work to be done to finalize the transaction. The club's management remains focused on supporting the current team as they prepare for their upcoming match against Aston Villa in the Premier League. Textor's Eagle Football company is the latest entity to be granted exclusivity in negotiations to take over Everton, following previous discussions with 777 Partners and the Friedkin Group that did not materialize. As Textor cannot own stakes in two Premier League clubs simultaneously, he must divest his shares in Crystal Palace before proceeding with the purchase of Everton.

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