Season › 2024-25 › News John Textor returns with his bid for Moshiri's shares 09/08/2024 24comments | Jump to last According to The Guardian, the American billionaire John Textor, who currently owns Crystal Palace, has returned to the table and put forward his bid that was rejected back in June in favour of The Friedkin Group: "The Friedkin Group had agreed a deal to buy Farhad Moshiri’s 94.1% stake but withdrew last month after carrying out due diligence. The American investors were apparently concerned about the legal uncertainties surrounding the £200m in loans that 777 Partners, the first to agree a deal, had provided to keep the club operating." "One complication regarding Textor’s offer is that he owns 45% of Crystal Palace and would be required to sell those shares to buy Everton. "Textor is understood to be confident that arranging a financing deal for Everton’s new stadium at Bramley-Moore Dock could allow him to delay a prospective takeover until as late as January, giving him the time he needs to find a buyer for his Crystal Palace shares who will give him the profit he seeks. Article continues below video content "His Eagle Football has invested in clubs around the world, including the Brazilian first division club Botafogo and Belgium’s RWD Molenbeek as well as Lyon in France. Textor has been looking to sell his Palace stake for a while to allow him to become a majority shareholder at another English club. He has looked at QPR and Watford in recent times." Quotes sourced from The Guardian Reader Comments (24) Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer () Michael Lynch 1 Posted 09/08/2024 at 14:38:21 So Textor bids again. Surely that chancer won't actually get hold of Everton? Worst-case scenario is Moshiri giving yet another period of exclusivity to someone who is unable to complete the deal.It just goes on. Kunal Desai 2 Posted 09/08/2024 at 14:44:39 I'd like this saga resolved one way or another. Dragging on for almost a year. There is no stability whilst the ownership is still up in the air.Bite the bullet, Moshiri, you halfwit, and take whatever comes your way. You're not recovering any losses. Paul Hewitt 3 Posted 09/08/2024 at 14:51:52 I'd just say to anyone: "Take the club, just pay the debts." Ian Bennett 4 Posted 09/08/2024 at 14:52:00 His current clubs would be ideal to provide Everton with young talent going forward. Michael Boardman 5 Posted 09/08/2024 at 14:57:00 Is that Fred Talbot? Fred Quick 6 Posted 09/08/2024 at 15:02:28 Moshiri is the master of delaying tactics. I wonder how much Textor will loan the club between now and January 2025? Textor isn't the person I'd choose to be the new owner, but us mere mortals don't get to choose, do we? Fingers crossed we eventually get an owner who will benefit the club, but it does look as if we may have to wait a little longer than we'd all like. Dale Self 7 Posted 09/08/2024 at 15:07:19 As Thelwell assembles a squad and Dyche builds a team with those inputs, the monocle men will be climbing over each other to get on board. A deal gets done before Everton secure another season in the Premier League or they see their margins get squeezed by an increase in the obvious latent value of the club. Allen Rodgers 8 Posted 09/08/2024 at 15:36:46 Well spotted Michael @5. The infamous Fred formerly of Granada Reports. I bumped into him years ago when he was filming his ''Where am I?'' spot for TV. He was filming at Backbarrow near the Lakes Motor Museum. I called out to him and he said "Shh... I'm supposed to be incognito!" This was well before the truth came out I hasten to add. Phil Malone 9 Posted 09/08/2024 at 15:51:36 *Michael 5Belter 😂 Mike Gaynes 10 Posted 09/08/2024 at 16:13:00 He'll have the same legal issue with the 777 Partners loans that Friedkin did. I wonder how he plans to get past that? Jamie Crowley 11 Posted 09/08/2024 at 16:17:08 Michael Lynch @ 1 -Why is he a "Chancer"?I haven't read much on Textor and have no opinion of him taking over or not taking over. But I'm genuinely curious – and if anyone at all wants to chime, in please do – what are the negatives with Textor?What has he done that creates any feelings of trepidation if he takes over Everton? What's the case against him?From my uninformed view, he's taken Palace and done pretty well with them? They are far more "safe" and "formidable" than they've been in the recent past. I also think they are financially stable? So what's the negatives with Textor?Someone enlighten me. Paul Hewitt 12 Posted 09/08/2024 at 16:22:34 Mike @10. I don't think Friedkin problem was paying the 777 Partners loans off. I think he was worried that, once the civil case against 777 Partners was done, then it was going to end up in a criminal case. That could drag Everton into court and wouldn't be a good look for him. Jay Harris 13 Posted 09/08/2024 at 16:25:50 Jamie,I am wondering the same about the negativity towards John Textor.He has publicly stated what a privilege it would be to own Everton FC and how it is a big club that he would be delighted to take back to the top.If that is a statement of intent, it is good enough for me… but seemingly not good enough for some. John Pickles 15 Posted 09/08/2024 at 16:49:26 After all the previous "Will they? Won't they?" prospective buyers, I'll treat it like player signings: I won't get excited about it until I see him holding up the shirt. Kevin Molloy 16 Posted 09/08/2024 at 16:51:42 Uncle Ussie aint sinking a billion into BMD and then not sticking around to get the credit for it. After the ceasefire of early December he'll be pardoned in the NY and sponsoring us by the Summer.on an unrelated note, I saw one the of the players going out on loan and the thought occurred when will we ever get a reserve who is ready to go into the first team. Instantly thought of John Ebbrell. Looked him up. He's sixty four. Tony Abrahams 17 Posted 09/08/2024 at 17:00:38 Are these legal issues written in stone Mike, or is it just hearsay?Enough has been written on ToffeeWeb but I don't think I've seen anything that is absolutely concrete and says that whoever buys Everton will have legal issues with those loans that 777 Partners have provided? Si Cooper 18 Posted 09/08/2024 at 17:02:16 Jamie (11), just the questions I was going to ask. Seems like a serious contender with a genuine interest in football.And some with schoolboy mentality are sniggering because they think he resembles a notorious sex offender! Tony Abrahams 19 Posted 09/08/2024 at 17:19:16 Ebbrell is not that old Kevin. He might have lost his hair years ago, but he’s only 54! Michael Kenrick 20 Posted 09/08/2024 at 17:23:50 Tony, no please... oxymoron alert: I don't think I've seen anything that is absolutely concrete and says that whoever buys Everton will have legal issues with those loans that 777 Partners have provided?We've had plenty looking at this every whichway in a recent thread, including endless prognostications by self-proclaimed legal expert, John Wilson, and there is nothing "absolutely concrete" about it — exactly because it involves very murky legal issues, and inevitable legal arguments. Please don't poke the sleeping bear and set him going again! Martin Farrington 21 Posted 09/08/2024 at 17:38:29 Aha. did someone mention 777 and the legal problems. yee haa Seriously, not sure how to take this latest turn on the twisty bumpy buying Everton road.He is returning with the same deal Moshiri refused previously???This time the ever so right Guardian have added and eluded that he will take the financial burden of the new stadium out of Moshiri's hands.Which is not the same deal. Well wasnt he going to do that anyway when buying the whole kitten caboodle ? You cant buy the club without a stadium. Or maybe even the inept and most stupid Moshiri wasnt fooled by that ruse the first time."Yes Mr Textor. I will sell you my shares at a knock down price and use them to pay off the debt of the stadium you want for free."Now Textor appears have done the double switch. Buy the stadium but not the team.Craziness breeds craziness.Jumping from the pan into the . ??? Barry Lightfoot 22 Posted 09/08/2024 at 17:45:20 Michael at 5 he looks more like Fred Feast. Habib Erkan Jr 23 Posted 09/08/2024 at 17:47:18 Tony 17 if Everton is a bonafide debtor there will be no problem once the 777 loan is paid off. The problem the Texas mogul had is he wanted the holder of the 777 partners loan to take a haircut and he couldn’t identify the appropriate party to negotiate with. There’s a workaround but Moshiri would have to cooperate. Just my opinion as a semi retired Texas lawyer. One other thought - could Moshiri be stringing these American billionaires along with the objective to acquire revolving bridge loans until such time as the Russian is no longer persona non grata with the epl? Tony Abrahams 24 Posted 09/08/2024 at 18:01:37 I think it’s been said before but Everton Football Club, definitely resembles the Oregon State Hospital, Habib, but mostly us lunatics swap medication for speculation time.Hopefully this stops everyone going over old ground, once again Michael! Derek Knox 25 Posted 09/08/2024 at 18:24:01 For the sake of the Club, I hope something gets resolved, I don't care if Moshiri loses everything, he hasn't exactly considered us in any of this, just idolising the Green-Eyed Monster. The sooner we are shut of that prick the better. Between him and the Maggot they have taken Everton to an all time low. Add Your Comments In order to post a comment, you need to be logged in as a registered user of the site. » Log in now Or Sign up as a ToffeeWeb Member — it's free, takes just a few minutes and will allow you to post your comments on articles and Talking Points submissions across the site. How to get rid of these ads and support TW © ToffeeWeb