Crystal Palace chief wants to sell shares then buy Everton from Moshiri as talks confirmed

Crystal Palace part-owner John Textor is interested in selling his share in the London club and buying Everton, according to The Athletic.

Writing on their website (24 May), the news outlet report that American has sought help from investment firm Raine to sell his 45% stake in the Eagles as he has begun preliminary talks to buy the Toffees.

Farhad Moshiri has an agreement with 777 Partners to sell his 94% stake in the club, with a deadline of May 31 agreed before he can talk to other parties about a sale oweing to all their problems.

Everton new potential owners coming to light now

The situation involving 777 Partners has been well documented in recent weeks, and it seems obvious now that they won’t be able to complete a takeover of the club.

Crystal Palace co-owner John Textor looking to sell stake in club, interested in buying Everton - The Athletic

Moshiri has committed to giving them until May 31 to close a deal but with lawsuits for fraud being thrown their way, and the Miami-based investment firm even losing control of their Brazilian club Vasco da Gama in the courts plans can surely be in place.

The club have already made it clear that there are alternative plans in place should that deal collapse, and it seems now like those parties are beginning to make themselves public.

Textor has done a solid job in south London with Crystal Palace with his 45% stake, and he also owns Brazilian club Botafogo who have been in a title race under his tenure, Ligue 1 giants Lyon and Belgian club RWD Molenbeek.

Everton have been handed a new lifeline for their future, and there is a chance that Moshiri and 777 Partners won’t be at the helm this summer which is amazing news.

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