John Textor is poised to officially launch his bid to take over Everton after 777 Partners missed their deadline, according to TEAMtalk. The news outlet reported on 1 June that Textor, an American, will formalize his interest soon after the Miami-based investment firm failed to meet the 31 May deadline to buy Farhad Moshiri’s 94% stake in the club.
Textor, who currently holds a partial ownership in Crystal Palace, is now looking to shift his focus to Everton and will proceed “in the coming days.” Moshiri, it appears, must now move on from 777 Partners and seriously consider alternative options.
Although Textor publicly expressed his interest in purchasing Everton, his 45% ownership of Crystal Palace poses a challenge due to Premier League regulations. However, newspaper journalist Alan Nixon suggests that Textor might receive special permission from the Premier League to buy one club and sell another within a specified timeframe.
This potential dispensation could pave the way for Textor to acquire Everton, although there is still a considerable journey ahead. There have been indications of interest from other parties, which are now emerging.
Textor’s commitment to this move is evident, and for Everton, this signifies positive news as it provides viable options for securing the club’s future.
