John Textor to launch official Everton takeover bid in days as 777 Partners deadline expires

John Textor is set to officially launch his Everton takeover bid in the coming days after 777 Partners missed their deadline, according to TEAMtalk.

Writing on their website (1 June), the news outlet report that the American is set to make his interest official after the Miami-based investment firm saw their move to buy Farhad Moshiri's 94% stake in the club officially collapse after missing the 31 May deadline.

Now Textor, who currently part owns Crystal Palace, is looking to switch allegiances to the Toffees and will make his move "in the coming days".

Everton move on from 777 Partners

It's been a long time coming but it seems as though Moshiri has finally been forced to move on from 777 Partners and start seriously considering alternative options.

Textor has come out publicly to state his interest in buying the club, but while he owns 45% of Crystal Palace it's currently not possible for a deal to go through without breaking Premier League rules.

With that said however, newspaper journalist Alan Nixon reports that he could get dispensation from the Premier League to buy one club and sell another within a certain time period.

That would obviously open the door to the Toffees becoming his club, but there is still a long way to go. There have been suggestions that other parties were interested, and now they're starting to come to light.

Textor is clearly serious about making this move, and for Everton that must be good news as it means options do exist to save the future of the club.

In other Everton news, the Toffees have made a move for a record-breaking striker on a free transfer.

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