Textor confirms intention to sell stake in Palace so he can buy fellow Premier League club Everton
American businessman John Textor has confirmed his intention to sell his stake in Crystal Palace so that he can buy fellow Premier League club Everton
By AP News
Published - Aug 23, 2024, 08:04 AM ET
Last Updated - Aug 23, 2024, 08:04 AM EDT
LONDON (AP) — American businessman John Textor has confirmed his intention to sell his stake in Crystal Palace so that he can buy fellow Premier League club Everton.
Textor, a 58-year-old digital media and entertainment entrepreneur, owns a 45% shareholding in Palace — the largest stake of four different shareholders — but has been in talks with Everton owner Farhad Moshiri about taking over the club.
He cannot have a stake in two Premier League clubs at the same time, so would have to sell his Palace shares before purchasing Everton.
Textor said in a statement published late Thursday he failed in an attempt to take majority control at Selhurst Park and has been “evaluating alternatives” — namely buying Everton.
