Everton could be saved as John Textor launches new takeover bid and aims to dump Crystal Palace shares

JOHN TEXTOR is making a new bid for Everton — as he looks to dump his Crystal Palace shares.

Eagles co-owner Textor has found new allies and is aiming to do a deal with Farhad Moshiri for the Merseyside outfit.

Everton billionaire John Textor is set to make a new bid for Everton

American Textor was overlooked in the last round of bidding but is keen to get a Premier League club he can control after growing frustrated at Selhurst Park.

After the Friedkin Group pulled out, Textor made contact with leading Everton figures in the past few days in a bid to broker a deal.

He already knows the numbers of the debt from his previous bid and he is willing to sift through the problems relating to the ownership.

Billionaire Textor, 58, has been in touch with the Premier League previously about his status if he buys into another club while still involved at Palace.

But there is optimism he can sort out that issue if he can win the battle for power at Goodison.

Textor previously admitted he was keen on adding the Toffees to his Eagle Football network of clubs – Lyon in France, Brazil’s Botafogo and RWD Molenbeek in Belgium.

That was before US investment group 777 Partners saw their takeover collapse.

He told The Athletic in May he had held talks about buying the Toffees “with the existing constituents – different groups, different lenders, different equity holders”.

He added: “Everton represents the best of English football: the struggles, the glory, the want. I love that it’s out of London. Everybody should want to buy Everton right now.

“I’ve asked them ‘Is there a way to solve all this confusion and address everyone’s problems?’

“I’m very open-minded to it but I don’t want to come into a situation where I’m not really welcome. I’m watching it but 777 still has a contract

“There are people that are close to the club who care a lot about it who are also investing. There’s the guy running it who’s still calling the shots.

“Maybe we’re uniquely positioned to solve a lot of problems for people but we’re just watching it right now because there are other people who already own pieces of that club who also want to figure it out.

“I’m looking at that but it’s quite confusing and some things have to clean up.”

Textor bought his Palace shares for £90million in 2021 and owns a 45% stake via his company Eagle Football Holdings.

Premier League sides deducted points and others at risk

Nottingham Forest

Deducted four points during the 2023-24 season for breaching Premier League spending limit by £34.563m. Failed in their appeal with decision upheld.

Everton

Initial 10-point deduction for 2021-22 Premier League breaches reduced to six points on appeal. Were deducted a further two points later in the 2023-24 season. Appealed, but since withdrawn following Prem survival.

Sheffield United

Hit with a two-point deduction for their finances during the 2022-23 EFL season. Will begin the 2024-25 Championship season on -2 points following their relegation from the Prem.

OTHERS WHO COULD FACE PUNISHMENT…

Manchester City

Etihad club emphatically denies the 115 allegations laid against them in February 2023. The lengthy Commission case has been scheduled to start in October or November but a final decision is not expected until March or April 2025.

Chelsea

Blues chiefs flagged up illicit payments made to agents and others during the Roman Abramovich era. Fined £8.6m by Uefa but still to be formally charged by the Prem despite an ongoing investigation.

Leicester

Foxes breached Prem PSR loss limits last season but did not have to report their 2022-23 accounts until this month because of their relegation. That puts the timetable back and means that they will probably face a Prem points deduction for the 2024-25 season following their return to the top flight.

Everton (again)

The Toffees are again at risk of breaking PSR rules and are in a race against time to raise funds and balance the books. Not only could that lead to another charge but also administration. That would lead to an automatic nine-point deduction for the 2024/25 season.

Textor has now instructed Raine Group to find a prospective buyer.

He believes he can’t achieve his long-term plans at Selhurst Park as he is unable to secure a majority shareholding.

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Chelsea have reportedly agreed a £35m deal for Atletico Madrid striker Samu Omorodion.

Conor Gallagher has completed his medical ahead of a £34million move to Atletico Madrid.

Manchester City are also selling striker Julian Alvarez to the La Liga side – and the deal is almost certain to get done despite a slight hitch over personal terms.

Tottenham have identified Dominic Solanke as a major transfer target before the end of the window, according to reports.

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