John Textor: Crystal Palace co-owner sells stake and monitors Everton

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Screenshot, American businessman John Textor has stakes in four football clubs

  • Author, Alex Howell
  • Role, BBC Sport football news reporter

Crystal Palace co-owner John Textor says he is trying to sell his majority stake in the club and is interested in buying Everton, or a Championship club.

The American businessman owns a 45% stake in Palace with his company Eagle Football Holdings and has commissioned the Raine Group to look for a potential buyer.

Palace is one of four clubs Textor owns with Eagle Football, along with majority stakes in French side Lyon, Brazilian top flight Botafogo and Belgian side RWD Molenbeek.

Textor, 58, wants to remain interested in English football and would be interested in exploring Everton as an opportunity, should his protracted sale to 777 Partners not be resolved.

Eagle Football cannot buy another Premier League club without first selling its stake in Palace.

It is understood that the Palace board did not agree with the ownership of several clubs, but Textor’s decision to sell his stake was received amicably.

In a statement, Textor, who made his fortune in the technology sector, said he was “proud” of his contribution to the club.

The Eagles finished 10th in the Premier League this season after a strong end to the campaign under Oliver Glasner, who the board worked together to appoint.

“So why would we sell, just when things are getting so good? Well, Eagle Football is known to employ a highly integrated sporting model across all of its football clubs, with an unprecedented amount of collaboration in scouting and movement of players within the club family,” Textor explained.

“As proud as we are to have been part of Crystal Palace’s resurgence, it remains true that Crystal Palace is an independent club, led by a man with a firm hand, who has achieved a level of sustainability that is incredibly rare in the Premier League. Today’s League. “An integrated sporting model, like ours at Eagle, simply does not fit perfectly at Crystal Palace.”

He added that he was “extremely confident that a good number of potential partners will jump at the opportunity to be part of this promising future” at Palace.

On his interest in Everton, Textor told The Athletic that he had held talks to buy the club “with existing members: different groups, different lenders, different shareholders.”

Owner Farhad Moshiri is in an exclusivity period with 777 Partners until the end of May, having agreed to sell to them last September.

Textor said: “I’m very open-minded, but I don’t want to get into a situation where I’m not really welcome.

“I’m looking at it but 777 still has a contract. There are people close to the club who care a lot about him and who are also investing.

“There’s the guy who runs it who still makes the decisions. We may be in a unique position to solve a lot of people’s problems, but we’re just looking at it right now, because there are other people who already own parts of that club and who I also want to solve it.”