John Textor Moves Toward Everton Takeover
John Textor Moves Toward Everton Takeover
John Textor Moves Toward Everton Takeover
News summary

John Textor is nearing the sale of his 45% stake in Crystal Palace, which is a prerequisite for his bid to acquire Everton. He has an agreement with Everton's current owner, Farhad Moshiri, to finalize the deal by November 30, as Premier League rules prohibit ownership of shares in two clubs. Textor has criticized the Profit and Sustainability Rules (PSR) that have burdened Everton, asserting that they favor wealthier clubs while sanctioning Everton for financial breaches. Amid these takeover discussions, Textor has also suspended Olympique Lyonnais sporting director David Friio due to dissatisfaction with the club's financial management. Additionally, Textor has dismissed rumors about replacing Everton's current manager, Sean Dyche, with Abel Ferreira. This takeover situation adds complexity to Everton's ongoing financial challenges and their transition to a new stadium.

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Last Updated
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