John Textor Plans Sale of Crystal Palace Stake

John Textor, co-owner of Crystal Palace, has confirmed his unsuccessful bid to acquire the remaining shares of the club, stating that his offer did not receive a response from the current owners. He is now focusing on selling his 45% stake in Palace to facilitate a takeover of Everton, where he has entered exclusive talks with current owner Farhad Moshiri. Textor expressed that he had considered various options, including retaining his stake in Palace, but now believes selling is necessary to pursue Everton. Despite his significant investment in Palace, which has increased the club's value, he faces challenges due to Premier League regulations prohibiting ownership of shares in two clubs. Textor has reported interest from multiple parties looking to buy his Palace shares, which he hopes will expedite his move to Everton. His efforts to transition from Palace to Everton reflect a strategic shift in his investment interests within the Premier League.