John Textor wants to buy Everton from Farhad Moshiri

Desperate Everton takeover update emerges after John Textor news

Jonny is a University of Leeds journalism graduate who became part of the FootballInsider team in Spring 2024, and recently worked as Head of Media for Widnes Vikings Rugby League club. Writing as a freelance reporter and commentator for The Sporting News and StatsPerform, he has covered matches in competitions including the FIFA Men's and Women's World Cups, as well as the Champions League, Women's Euro 2022, Six Nations and the Rugby Union World Cup.

Published on:

28 May 2024, 1:45 am

The Esk has insisted that "Desperation stakes" are at play with whoever is briefing the media on John Textor becoming the next owner of Everton.

The Toffees finance expert posted on X overnight (28 May) pouring water on reports that Textor is close to succeeding Farhad Moshiri as majority shareholder.

Textor, who owns a 45 per cent stake in Crystal Palace, has now been reported as one of the front-runners to purchase Moshiri's 94.1 per cent holding at Goodison Park, but the Esk stated many reasons that could complicate this move.

Alan Myers also told fans that Textor is not the only party interested in completing a buyout of the Blues, and regardless of how serious the US billionaire is about taking over the club, it's still too early to definitively say he will be the new owner.

Everton fans finally seeing takeover progress

Regardless of whether Textor can make good on his opening talks with Moshiri, this development is welcome news for the Goodison Park faithful after an eight-month stalemate with 777 Partners.

The Miami-based investment firm has been Moshiri's long-time preference to complete a buyout of the club, but concerns over funding barely saw them come close to passing the Premier League's owners and directors' tests.

Genuine desperation stakes from whomever (probably Moshiri) is briefing on Textor being Everton's next owner. So many reasons why it's not the case, including his Palace stake, Everton's debt position, and Textor's relationship with Ares.
— Paul Quinn (@theesk) May 27, 2024

Textor, on the other hand, has already done exactly that, with his 45 per cent stake in Crystal Palace showing that he is more than capable of buying a large amount of, and then helping to run a financially stable Premier League club.

Everton have become anything but that under Moshiri's haphazard tenure, although rules over multi-club ownership may stand in Textor's way of becoming a majority shareholder at Goodison Park straight away.

Despite this, it's a sign for Toffees fans that the Iranian is finally taking their plight seriously, and is discussing selling to a potential buyer with a proven track record of Premier League ownership.

In other Everton news, fans will be thrilled as a £3.4billion revelation has emerged surrounding the takeover.

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Everton

Farhad Moshiri

John Textor