Crystal Palace co-owner John Textor is back in the race to buy Everton as the takeover saga spins again, according to Ed Aarons.
On August 9, The Guardian reported that a condition for him to be able to complete the purchase of Kol is that he must sell his stake in Palace.
The American billionaire was already in the frame to buy the caramel, but Farhad Moshiri handed over the exclusivity to the Friedman group.
Via X, Aarons wrote: “John Textor is back in the frame to buy Everton, but must sell Palace shares first. A bid from co-owners Josh Harris and David Blitzer has been rejected, with three other investors in the frame, including a US group that she is supported by sports stars.”
John Textor could be a decent Everton owner for the foreseeable future
The American’s involvement with Crystal Palace and other football clubs shows his understanding of the football industry.
Textor’s multi-club ownership model could give Everton access to a network of talent and resources.
This could help Everton improve their scouting and player development systems, which are vital to long-term success.
Furthermore, Textor’s interest in the Toffees shows a willingness to invest in the club’s future.
The Merseyside club needed significant investment to compete with the best clubs in the Premier League.
Textor’s resources can help them strengthen their team and improve their infrastructure such as training facilities and stadium.
Nothing is easy when it comes to this club, so it will remain to be seen how things unfold in the coming weeks.