Everton received a significant boost on Friday, just one week before the start of their Premier League campaign.
Despite over a year of ongoing negotiations to sell the club, Farhad Moshiri has yet to finalize a deal, with two potential buyers recently withdrawing from the process. The Friedkin Group was the latest to end discussions, while the challenges faced by 777 Partners are well known.
However, there is renewed hope that a takeover could progress in the coming weeks, as John Textor re-entered the picture on Friday.
With only one friendly match remaining before they kick off their 2024/25 season against Brighton & Hove Albion, Sean Dyche’s side could benefit from a resolution.
Earlier this summer, Textor made an initial bid for Everton after 777 Partners exited the race, and on Friday, he submitted a new bid on the same terms, aiming to become the majority owner of the Merseyside club.
However, one major hurdle remains—Textor currently owns a 45% stake in Premier League club Crystal Palace, which he would need to sell entirely before taking over at Goodison Park. But Textor isn’t the only interested party.
Responding to fan questions on social media on Friday, journalist Alan Myers revealed that other groups are still keen on purchasing Everton. “There are a few interested,” Myers said when asked if there were other contenders besides Textor.
Given Everton’s struggles in securing a new owner, it’s a positive sign that they aren’t solely reliant on Textor’s bid.
Nevertheless, Textor faces significant challenges in acquiring Everton. Selling his shares in Crystal Palace could prove difficult, especially now that his intentions to purchase Everton are public knowledge, potentially complicating negotiations.
Additionally, Textor is reportedly concerned about the loans Everton has taken from interested parties like 777 Partners.
While Friday’s developments have sparked optimism among fans, much work remains before a takeover can be completed.
