Stefan Borson slams ’embarrassing’ John Textor amid Everton takeover latest
Stefan Borson believes that John Textor’s stock market announcement for his company was “very embarrassing” as he failed to complete his takeover of Everton.
The football finance expert shared that the American businessman made promises about the plans he had in place for Everton despite not being able to pull off a deal.
Textor was in the process of fast-tracking the sale of his Crystal Palace shares [Daily Mail, 19 September] to try and get an agreement made with Farhad Moshiri quicker, but in the end Dan Friedkin’s U-turn was the one that sealed the deal.
Speaking live on talkSPORT (24 September, 10:40 am), Borson shared his verdict on Textor’s failed takeover attempt.
“I’m sure he wanted to buy Everton – I think that is clear but he wasn’t in a position to buy Everton,” Borson said.
“His company made a very embarrassing stock market announcement on Monday that they got suspended for because of what he said at a press conference about 10 days ago where he made all sorts of promises about what they were going to do in terms of New York, Lyonnais and Everton.
“But the reality is, he didn’t have exclusivity because he wasn’t able to due to being an owner of another team.
“It will not be easy regardless of what he says and it’s going to come to a head really this week.
“He said two weeks ago he was two weeks away from selling Palace and I very much doubt he was two weeks away because that means he’s going to sell it this week but we’ll see.
“I suspect he’s going to find it difficult to sell Palace in a rush, which means he was never really in a position to buy Everton.”
Friedkin Group better option for Everton
Although Textor talked a big talk about creating a multi-club model with football clubs across the world sharing their players, it feels as if Dan Friedkin’s deal is the safest bet for Everton.
Following his dramatic U-turn in the final hour to come back and bid for the Toffees, a deal was managed to be struck [Bloomberg, 23 September].
It’s felt like a lifetime since Farhad Moshiri first listed the club up for sale and it’s been a saga which will have likely turned many of the club’s supporters grey.
There have been countless failed deals over the two years that the club has been up for grabs, but now an end finally seems to be in sight, with Paul Merson believing that “happy times” are ahead for the club [Sky Sports News, 24 September].
Everton have had a poor start to their 2024/25 season and will no doubt be looking towards their potential new owners to give the club a fresh lease of life, especially during the January transfer window.
In other Everton news, Dean Saunders has shared his verdict on what Sean Dyche will be telling his team after their recent poor form.
For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.