Sky News: Textor talks drum up £150m Everton investment interest and 2 'Firm' Crystal Palace offers

John Textor has opened talks with prospective investors in Everton as he looks to buy the club from Farhad Moshiri, Sky News reports.

According to the outlet’s website on 26 August the American has received interest in providing a cash injection of £150million according to “banking sources”.

Discussions have been held as part of Textor’s efforts to strengthen the club’s balance sheet if he is to takeover on Merseyside.

But he still has to rid himself of the 45% share of Crystal Palace he holds before pursuing the Toffees [talkSPORT, 17 August], and according to Sky News he now has two “firm” offers from unnamed parties who are “capable of executing a deal rapidly”.

Everton takeover from Farhad Moshiri moving in the right direction?

On the face of it the latest developments sound like broadly positive ones if Textor is eventually going to succeed in taking over the club.

His first major hurdle is to successfully sell the Palace shares that he has been attempting to offload for some time [The Esk, 31 May], so firm offers with a quick resolution sound like the answer.

But his own statement on 22 August declaring that he had recently tried to buy the rest of the Selhurst Park club seem like a strange way of going about an attempt to own Everton.

And while investment in the Toffees is surely going to be a major concern for a club with heavy debts and forecast cashflow issues just a couple of months down the line [Kieran Maguire, 31 July], he may well need to come up with a lot more than £150million.

The Friedkin Group backed out of their own takeover deal due to what they called “unresolvable” issues around the current debts to 777 Partners [Talking The Blues, 20 July] and it remains to be seen if Textor can navigate past them.

He has to deal with the Palace question first, and attempts to become the full Eagles owner certainly appear like the opposite of what would be expected.

And the claim within the Sky News report that the 58-year-old plans to buy Everton in a personal capacity rather than with his holding company Eagle Football has been slammed as “utter nonsense” [The Esk, 26 August].

So while there are not the same alarm bells ringing with Textor as there were last season with 777, there are still a lot more questions than answers.

In other Everton news, the Toffees could now be set to do a double-transfer deal with Chelsea before the window closes.

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