Crystal Palace one of many problems as John Textor makes new Everton takeover bid
John Textor is facing various issues in his renewed attempt to buy Everton from Farhad Moshiri, according to Paul Brown.
The journalist who has long been covering the Toffees takeover situation for Josimar reacted via X on 9 August after a report from The Guardian emerged to say the American was back in the race to buy.
But the part-Crystal Palace owner could be overtaken by interested rivals again as he struggles to sell his shares in the Eagles, where he has reportedly rejected an offer from co-owners Josh Harris and David Blitzer.
According to Brown Textor is asking well above market value for his 45% stake at Selhurst Park, which he will have to sell to be able to takeover at Goodison.
He wrote: “Among the many problems facing Textor when it comes to buying Everton is that his asking price for his Palace shares is currently much higher than the market valuation. Other interested parties would be able to move more quickly.”
Farhad Moshiri set for yet another Everton takeover attempt
Textor emerged early in the race to replace 777 Partners early this summer but was eventually passed by alternative options before Dan Friedkin secured exclusivity with Moshiri.
His situation at Palace was seen as a major impediment at that point [The Esk, 31 May] so the fact that it remains so now he is apparently looking to succeed Friedkin for the latest crack at exclusivity will leave some dismissing the seriousness of his offer.
But there is clearly significant intent on his part if he has come forward for a second time so it is impossible to rule him out of the running for now.
There does appear to be no shortage of potential issues involved so for Textor to successfully buy out Moshiri might be an arduous process.
He has to get rid of his Palace holding before he can even attempt to overcome the risks and complications involved with the Everton debts, which were too much of a headache for Friedkin to take on and have scared off others [The Esk, 31 July] assuming his bid is something that Moshiri is willing to take.
The Toffees owner seems to want more for his shares than some interest parties are willing to bid, just as Textor wants more for his at Palace than he has been offered.
The American also owns Lyon in Ligue 1 so the potential for complications to arise in future with regards to UEFA rules against multi-club groups meeting in Europe, which was once seen as potential a complication for Friedkin, is also relevant.
So it is not impossible that the latest development could be the beginning of the route to a new era for Everton but it looks like a long road to get there if it does.
In other Everton news, the Toffees have made a transfer decision on selling an in-demand striker.
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