Finance Expert shares top sticking point after Textor takeover agreement at Everton

Dan Plumley has insisted that the sale of John Textor’s shares in Crystal Palace remains the primary “sticking point” in his bid to take over Everton.

The American billionaire has agreed on a period of exclusivity with Farhad Moshiri [David Ornstein, 15 August] but is yet to find a buyer for his 45 per cent stake in the Selhurst Park club.

Until Textor manages to sell his shares in Palace he cannot begin investing in the Toffees and finance expert Plumley believes that is still the biggest problem facing the prospective owner.

“That’s the biggest challenge here,” Plumley exclusively told Goodison News.

“It’s something that previous, failed takeovers in the end, but certainly with the individuals that were involved that wasn’t something that needed to be sorted out in the early stages.

“The number one sticking point is that those shares in Palace will need to be sold before he can engage with any sort of investment into Everton.

“That feels to me, certainly from the outside looking in, to be the number one sticking point first and then you’ve got all the other things to consider in terms of the club’s finances and what we’ve seen that has come before.”

Will John Textor takeover Everton from Farhad Moshiri at Goodison Park?

While Textor hasn’t yet managed to get rid of his stake in Palace, he has at least been buoyed by the fact that fellow shareholder Steve Parish has admitted he will help him find a buyer at Selhurst Park [BBC Sport, 15 August].

Everton supporters would be naive to assume that the billionaire’s issues will stop there, however, as there is still the matter of the massive amount of debt that is owed to a whole string of different companies [i News, 11 August].

Until some of that is paid off, the Premier League are unlikely to approve any potential takeover from Textor, as was the case for 777 Partners in the past.

Selling his shares in Palace may be the billionaire’s primary issue at this moment in time, but there will still be a whole lot of work to be done even after a buyer is found.

In other Everton news, Graham Potter’s stance on accepting the Everton job has been mooted in a new Dyche sack verdict at Goodison

For more Everton news, follow us on Facebook or join our brand new WhatsApp Channel for instant updates to be sent straight to your phone.

The post Finance Expert shares top sticking point after Textor takeover agreement at Everton appeared first on Goodison News.