Nothing short of a disaster has been Everton’s takeover scenario for more than a year.
Dan Friedkin promised to save the Toffees with a bid of his own when 777 Partners first tried to take the club out of Farhad Moshiri’s hands, to disastrous effect.
But even he recently opted out because he was unwilling to dive headfirst into this financial catastrophe.
Fortunately, a new billionaire has surfaced and is about to make an offer.
John Textor offers to buy Everton
Journalist Alan Nixon provided up-to-date information on Everton’s takeover on his Patreon page, detailing one potential bidder in particular.
“John Textor is making a new bid for Everton as he looks to dump his Crystal Palace shares,” the statement says.
“Textor, co-owner of Palace, has made new friends and is trying to work out a deal with Farhad Moshiri for the Merseyside team.”
“American Textor, who was passed over in the previous round of bidding, is eager to join a Premier League team that he can manage after becoming dissatisfied at Selhurst Park.”
“Textor has been attempting to mediate a deal by contacting key Everton players in recent days.”
He is prepared to go through the ownership-related issues and is already aware of the debt figures from his prior proposal.
“Textor has previously communicated with the Premier League regarding his status in the event that he invests in a different club while remaining affiliated with Palace.”
However, if he prevails in the struggle for control at Goodison, there is hope that he can also resolve that issue.
Finally, a bold takeover candidate steps up to acquire Everton.
Since Everton’s dire financial predicament has been well reported for some years, the several buyout contenders must also have been made aware of the mess.
Hence, it raises the question of why Friedkin was acting so candidly in his attempts to purchase the club, given that he had no desire to actually dig his heels into the muck.
Turning the Toffees back into a force will be an enormous effort, and even with the progress achieved in the direction of sustainability, the club still needs a very wealthy donor to support the vision and wipe off the majority of its outstanding debt in order to survive.
Friedkin would not do this, and 777 Partners could not handle it.
Textor looks different, and he may have begun the entire takeover story by highlighting Everton’s desirability as a team to The Athletic.
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