John Textor Has ‘Period of Exclusivity’ for Everton Takeover

Everton have now entered a period of exclusivity with Crystal Palace part-owner John Textor regarding a takeover at Goodison Park, according to The Athletic’s David Ornstein.

The Toffees’ takeover situation has been a long process since Farhad Moshiri decided to put the club up for sale, with no sign of an end in sight despite two periods of exclusivity being reached previously.

Premier League rules forbid ownership of two clubs in the same division, so no takeover can be agreed until Textor sells his shares in Palace. The American businessman currently has a 45% stake in the Eagles, but he’s actively seeking a buyer as it stands.

Under the guidance of Moshiri, Everton have struggled financially, especially in the last few years, after blowing a hefty sum of money on players who often return little in sell-on value. It’s driven the Toffees into a mess off the pitch, but Moshiri is now looking to sell the club.

The most recent proposed takeover of Everton was from the Friedkin Group, who also own Italian side Roma. Back in July, a deal fell through after the two parties agreed that it would be in their best interests to explore alternative options.

It’s been a lengthy period of uncertainty for Everton supporters who will undoubtedly be desperate to have the takeover situation resolved. After multiple failed attempts, Everton need a takeover to happen sooner rather than later, especially with a new stadium around the corner.