sport news Crystal Palace co-owner John Textor wants to SELL 45 per cent stake in club and ... trends now
Crystal Palace's co-owner John Textor says he is looking to sell his 45 per cent stake in the club and buy Everton.
He has enlisted banking firm Raine to help him sell after failing to assume a majority stake in Palace, who finished 10th in the Premier League this season.
Textor is chairman of Eagle Football Holdings, who have stakes in Palace, Lyon, Botafogo, WD Molenbeek, and FC Florida.
He believes he can 'solve a lot of problems' for Everton, but Mail Sport understands that by the time he has sold up, it is doubtful the Toffees will still be on the market or up for sale.
'Based on early reaction to the process we have begun with Raine Group, it's obvious that the momentum at Crystal Palace has not gone unnoticed,' Textor told The Athletic.
Crystal Palace co-owner John Textor wants to sell his stake in them and buy Everton
Textor's Eagle Football Holdings have stakes in multiple clubs globally but have been unable to acquire more than 45 per cent in Palace
'I feel extremely confident that a good number of prospective partners will jump at the chance to be a part of this promising future.'
He added that 'an integrated sporting model, such as ours at Eagle, is simply not a perfect fit for Crystal Palace.'
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Textor has failed to acquired a majority share in the club. He bought 40 per cent for £87.5million in 2021 before upping that by an extra five per cent for £30m.
Would-be Everton buyers 777 Partners have until May 31 to complete a deal to take control of the Toffees.
Current owner Farhad Moshiri granted them a shock two-week extension to prove they can purchase the club.
The firm, led by Josh Wander and Steve Pasko, struck an agreement to buy Everton in September but a lengthy saga ensued as it has been unable to meet
