“What John Textor Must Do to Secure a Smooth Purchase of Everton, According to a Finance Expert”

Everton’s journey with ownership and takeovers has been anything but straightforward. The club’s persistent struggles can largely be attributed to an inept board, responsible for numerous failures in recent years.

The situation has been particularly disheartening with 777 Partners’ failed attempt to take over from Farhad Moshiri, a process spanning nine months that has ultimately led nowhere. In contrast, there is a glimmer of hope with John Textor, whose Premier League experience might make his ambition of acquiring Everton more feasible.

Kieran Maguire, on his podcast “The Price of Football,” discussed the complex scenario surrounding Everton’s potential takeover. Maguire, who has been consistently addressing Everton-related issues throughout the season, including matters involving PSR and 777 Partners, now sees a potential positive development. However, he acknowledged the significant challenges Textor faces in his bid to purchase the club.

Maguire highlighted a critical obstacle tied to Textor’s existing involvement with Crystal Palace: Premier League rules prohibit owning more than 10% of two clubs within the league. He pointed out, “There’s a Steve Parish-shaped blockage in Textor’s ambitions, and therefore he’s looking at an alternative route. Does he have the money? Yes, but he needs to sell before he can buy to satisfy Premier League rules anyway.”

Regardless of whether Textor ultimately succeeds, one thing is clear: 777 Partners are no longer in the running. Despite numerous visits to Goodison Park and repeated assertions of their suitability to own the club, they have failed to meet their lofty promises.

This failure comes even after the Premier League outlined clear conditions for 777 Partners to meet, conditions manageable for an institution truly capable of assuming such a significant role. If Textor had faced these same conditions, his takeover might have been completed quickly.

The core issue with 777 Partners appears to be a lack of adequate backing and a long-term strategy to rejuvenate Everton. Granting them control would have been an exceptionally risky move. Their current silence speaks volumes about their inability to secure the takeover.

In summary, Everton’s ownership saga continues to be fraught with challenges. The board’s shortcomings, coupled with failed takeover attempts, have left the club in a state of uncertainty. However, with 777 Partners seemingly out of the picture, there is a cautious optimism surrounding John Textor’s potential involvement. Should Textor navigate the existing hurdles, his acquisition could mark a new chapter for Everton, steering them away from past failures towards a more stable future.