John Textor is poised to officially initiate his bid to take over Everton in the coming days, following 777 Partners’ failure to meet their deadline, as reported by TEAMtalk.
On their website (1 June), the news outlet states that the American investor will formally express his interest after the Miami-based investment firm’s attempt to acquire Farhad Moshiri’s 94% stake in the club collapsed due to missing the 31 May deadline.
Textor, who currently holds a part ownership in Crystal Palace, is now aiming to shift his focus to the Toffees and will make his move “in the coming days.”
After a prolonged period, it appears Moshiri has been compelled to move on from 777 Partners and consider alternative options seriously.
Textor has publicly declared his interest in purchasing the club. However, owning 45% of Crystal Palace currently makes it impossible to finalize a deal without breaching Premier League regulations.
Nonetheless, newspaper journalist Alan Nixon reports that he might receive dispensation from the Premier League, allowing him to buy one club and sell another within a specified timeframe.
This potential exemption could pave the way for Everton to become Textor’s new club, but significant hurdles remain. Other interested parties have also emerged, now beginning to come into view.
Textor’s evident seriousness about this move is promising news for Everton, as it indicates that viable options exist to secure the club’s future.
