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John Textor confirms he is interested in Everton takeover
Crystal Palace co-owner John Textor retains a long-held interest in Everton, an ambition he has now spoken about on the record
SPORT
Joe Thomas
09:50, 12 Aug 2024
Updated 09:51, 12 Aug 2024
John Textor has said: “Everybody should want to buy Everton right now”
John Textor has said: “Everybody should want to buy Everton right now”
US billionaire John Textor remains actively interested in exploring a takeover deal for Everton. Describing the Blues as a “great, authentic English club”, he confirmed they were on his radar as he looks to take a majority stake in a Premier League or Championship outfit.
His intentions remain largely speculative – his 45% share of Everton’s top-flight rivals Crystal Palace is prohibitive to any deal with Farhad Moshiri, and his focus is not solely on Merseyside with QPR another team under his consideration.
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But his comments – much as they did when he became the first party to declare his interest in the Blues following the collapse of the 777 Partners deal – suggest there remains a willingness for top-level football investors to take a look at the club.
READ MORE: Everton takeover and transfer news LIVE – John Textor speaks, Friedkin Group minority stake
READ MORE: Everton transfers, takeover, Dominic Calvert-Lewin future – Sean Dyche gives summer verdict
Speaking to the Liverpool ECHO’s sister paper, the Mirror, Textor, said: “I am still an owner in Palace – I would have to clear out of that before I could buy anything else.
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“We have made clear our interest in having a majority interest in a UK club, whether it is Championship or Premier League.
“Yes, we are looking at Everton along with everybody else. I would have to rationalise my interest in Palace before I could close anything.
“I am an Anglophile when it comes to football. When I see these legendary teams come along, some in the Premier League, some in the Championship, clubs that I grew up with, they have an appeal.
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“They also have an appeal to our business model because if I follow these great teams, then so do athletes around the world.”
Textor’s Eagle Group also owns Lyon in France, Botafogo in Brazil and Molenbeek in Belgium and is seeking a club in Portugal.
On the potential to add Everton to that portfolio, he said: “We are signing athletes down in Brazil right now because of the dream of playing on to Europe. It is important to have one of those great, authentic English clubs at the heart of our constellation of clubs.
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“I say constellation not multi-club because I think every one of our clubs should be a champion. The feeder system doesn’t really work for us.
“But it does work that players from South, Central and North America all want to be here so it is important that we have a good partner in the Premier League as part of our family at Eagle.
“We will definitely keep looking until we find the right fit.”
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The Blues remain on the market as majority shareholder Moshiri continues a search for an exit that started more than two years ago.
The club’s debt – not just the size but also the nature of it – has complicated deals with exclusivity periods with four different potential investors having ended without a deal being sanctioned.
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Miami-based group 777 Partners were close to a takeover but struggled to deal with regulatory hurdles, a process that held them up until their global network of linked businesses became embroiled in financial and legal problems that ultimately led to the collapse of their ambitions for Everton.
The near-£200m the group lent to the club was perceived as an insurmountable problem for The Freidkin Group, which entered talks with Moshiri this summer but withdrew due to complications that included a legal battle over the source of the funding provided by 777 Partners.
Any change of ownership would require a separate £200m tranche provided by The Friedkin Group to be repaid.
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