Crystal Palace co-owner John Textor is eager to finalize a takeover of Everton, following previous failed attempts by other groups. Everton is hoping that this third potential deal will succeed, as both 777 Partners and the Friedkin Group’s takeover bids fell through.
Textor has reportedly secured an exclusivity agreement to purchase Farhad Moshiri’s 94.1% stake in the club. He is also looking to sell his 45% share in Crystal Palace in order to add Everton to his Eagle Football Holdings portfolio. This isn’t Textor’s first attempt to acquire Everton; he was involved in negotiations before the Friedkin Group gained exclusivity.
Everton’s financial struggles have been widely reported, with the club suffering nearly £400 million in losses over the past four years and owing more than £600 million to external lenders, including A-Cap/777, Rights and Media Funding, and the Friedkin Group. One of the primary sources of their financial issues is the construction of their new 52,888-capacity stadium at Bramley-Moore Dock, set to open for the 2025-26 season. The stadium is expected to significantly boost revenue, which may be one of the factors attracting Textor.
Before the Friedkin Group’s involvement, local businessman George Downing, along with his partner Andy Bell, was also in the running to take over Everton. Downing, who is a friend of former Crystal Palace owner Simon Jordan, had plans to monetize the new stadium as a key part of his strategy. Jordan mentioned that Downing’s focus was on the stadium and its potential to generate revenue, which could help manage the club’s significant debt and improve its financial situation.
Textor, who also owns French club Lyon, Belgian side RWD Molenbeek, and Brazilian team Botafogo, spoke to the Daily Mirror about his interest in acquiring Everton. He emphasized that he would need to sell his stake in Palace before proceeding with any deal. Textor expressed a strong desire to own a major UK club, whether in the Premier League or the Championship, and noted Everton’s appeal both as a legendary team and a valuable addition to his multi-club model. He highlighted the importance of having a prestigious English club within his group, particularly to attract talent from South, Central, and North America.
Textor concluded by stating that he will continue searching for the right club to join his Eagle Football Holdings, but Everton remains a strong contender.
