Latest £128m takeover news from Germany could trigger Everton buyout

A takeover update from Germany could start a chain reaction that eventually leads Farhad Moshiri to finally leave Everton

The British-Iranian billionaire has been trying to sell his 94 per cent stake in the Toffees for well over a year.

The latest developments with 777 Partners mean that he has been forced to change course and look for a new buyer.

The Miami-based investment group had agreed a full takeover deal but the Premier League have refused to ratify it after they were unable to prove their ability to fund the club going forward.

Moshiri has now turned his attention to exploring other, more credible options.

It appears there are two investors with a genuine interest – another US investment firm in MSP Sports Capital and Crystal Palace co-owner John Textor.

And the latest developments in the sports investment world may indicate that a deal may be inching closer.

David Blitzer’s Augsburg sale may pave way for Everton takeover

John Textor wants to sell his stake in Crystal Palace and reinvest in Everton.

Textor, a 58-year-old billionaire who made his fortune in digital media and now has stakes in six football clubs, owns 45 per cent of Palace.

Most of the remaining shares are split between club chairman Steve Parish as well as Josh Harris and David Blitzer, two more US investors with equity in a number of clubs.

Among the teams in Blitzer’s portfolio is Bundesliga side Augsburg.

And, as reported by Bloomberg, Blitzer is now looking to sell his 45 per cent stake in a deal which values the German club at around £128m.

Blitzer appears to be withdrawing from Augsburg for strategic reasons, but it could also be that he is raising funds to up his stake in Palace by purchasing more shares from Textor.

That would hasten Textor’s exit from Palace and in turn his would-be takeover of Everton.