Saudi-US Group Agrees to Buy Crystal Palace Stake

John Textor is poised to sell his 45% stake in Crystal Palace to a consortium of US and Saudi Arabian investors, which includes Dallas Mavericks head coach Jason Kidd. The group has signed an exclusivity agreement after increasing their initial bid from $185 million to meet Textor's valuation. This sale could financially benefit Olympique Lyonnais, another club owned by Textor, which is currently facing financial difficulties and restrictions. Meanwhile, Sportsbank, a rival investment group led by former Everton director Keith Harris, is also interested in investing in Eagle Football but not by purchasing Textor's stake outright. The deal remains contingent on Premier League approval and the ability of either group to prove their financial capabilities. Textor's preference appears to lean towards Sportsbank's investment as a means to secure a controlling stake in Palace.