John Textor is on the brink of selling his 45% stake in Crystal Palace. The sale would enable Textor to pursue ownership of Everton. Textor’s multi-club ownership strategy is central to his footballing ambitions.
- Textor holds a 45% stake in Crystal Palace through Eagle Football Holdings.
- He is outnumbered in voting by chairman Steve Parish and fellow US investors Josh Harris and David Blitzer.
- Textor has entered an exclusivity agreement to sell his stake, aligning with his ambitions to acquire Everton.
Textor’s Stake in Crystal Palace
John Textor, the American businessman, holds a significant 45% stake in Crystal Palace through his company, Eagle Football Holdings. His involvement with the club began in 2021 when he joined the board of directors at Selhurst Park. Although Textor possesses the largest stake, he finds himself outnumbered in voting by chairman Steve Parish and fellow US investors Josh Harris and David Blitzer. This imbalance has driven Textor to seek a buyer for his stake, expressing frustration with the current control dynamics at the club.
Recent developments indicate that Textor is close to finalizing a sale, with Eagle Football Holdings receiving two serious bids out of the 14 initial interests. Textor has entered an exclusivity agreement to sell his stake, a move that aligns with his ambitions to acquire Everton. Read more about Crystal Palace.
The Path to Everton Ownership
Textor’s interest in Everton is a strategic step in his broader football ownership vision, which emphasizes a network of clubs to create synergies and increase investment value. He has signed an exclusivity agreement with Everton’s current owner, Farhad Moshiri, which is contingent upon the sale of his Crystal Palace shares. This agreement provides him until November 30 to conclude the sale process. Textor’s move is partly fueled by a failed attempt to acquire the remaining shares of Crystal Palace, a bid that went unanswered by other stakeholders. Learn more about Everton.
Strategic Vision and Business Ventures
John Textor’s business ventures extend beyond football, with roots in digital media and entertainment. His approach to football club ownership involves multi-club strategies that he believes can enhance the overall value of his investments. Textor’s ambition to own Everton aligns with his footballing philosophy, which prioritizes the creation of a network of clubs. This interest in Everton is part of a calculated move to expand his influence in the football world, leveraging synergies between clubs for greater success.
John Textor has claimed he is close to selling his 45% stake in Crystal Palace, which would allow him to proceed with his interest in owning Everton.
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October 20, 2023
