Everton takeover update emerges as John Textor may eye short-term funding option
It will take a bit of time for Crystal Palace co-owner John Textor to get himself into a position to buy Everton, according to Alan Myers.
The Sky Sports news editor claims that short-term funding could be an option with Farhad Moshiri and MSP Sports Capital.
His understanding is that Textor buys the club who’s not alone in his quest to complete the takeover.
Myers wrote on Twitter: “It will take a bit of time for Textor to get himself into a position to purchase, so short term funding could well be an option with Moshiri and MSP.
“My understanding is he buys the club.”
The short-term funding approach could work for Everton
Short-term funding could indeed provide the Toffees with the necessary financial stability and time to facilitate a smooth ownership transition to Textor.
This approach would allow the club to meet its immediate financial obligations while Textor and his team work on finalising the takeover details.
The short-term funding could come from various sources, including existing owner Farhad Moshiri and MSP Sports Capital.
By securing short-term funding, Everton can ensure the club’s operations continue uninterrupted and maintain a degree of financial stability during the transition period.
This would give Textor and his consortium the time needed to complete the necessary due diligence, negotiate the terms of the takeover and possibly secure additional long-term funding for the club’s future growth and development.
It remains to be seen what ends up happening but this is undoubtedly a sign that things are moving on the right track.
In other Everton news, fans will be thrilled as a £3.4billion revelation has emerged surrounding the takeover.
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