SHOCKING NEWS;Everton has announce new ownership due to..
American billionaire John Textor has placed a new bid to takeover Everton from Farhad Mohsiri after the Friedkin Group pulled out of a deal to buy the club.
The Everton takeover saga has taken another twist with American billionaire John Textor placing a bid for the club. His interest comes after the collapse of a deal with the Friedkin Group last month.
Textor, 58, who holds a 45% stake in Crystal Palace, has, as first reported by The Guardian, officially entered the race to acquire the Blues from Farhad Moshiri having initially expressed his interest earlier in the summer once it became apparent that the long-doomed bid of US firm 777 Partners was never going to come to fruition.
Moshiri put the club back on the market last month after the Friedkin Group, headed by US billionaire and AS Roma owner Dan Friedkin, pulled out of the deal during a period of exclusivity due to concerns primarily with the debt the club had to 777 and A-CAP.
777 Partners and A-CAP are involved in live civil litigation in a New York court over allegations of fraudulent activity, with the suit being brought by London-based Leadenhall Capital Partners over money loaned to the two firms where question marks were raised over the collateral used to get the loans in the first place.
Textor, who paid £87.5m for a 40% stake in Palace in 2021 before acquiring a further 5% a year later, would have to divest his interest in Everton’s Premier League rivals, as per league rules, before he would be able to complete any such takeover
Moshiri himself engaged in a similar move in February 2016, selling his shareholding in Arsenal before buying the Blues the following month.
Textor, who also owns a controlling interest in French Ligue 1 side Olympique Lyonnais, as well as Brazilian outfit Botafogo, has already spoken out on his interest in Everton in an interview with The Athletic back in June.
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