'Something Is Brewing' - Stefan Borson shares Crystal Palace takeover news today

Crystal Palace co-owner John Textor could be set to agree a deal for his shares in the club after Eagle Football Holdings postponed its annual general meeting.

That is the view of finance expert Stefan Borson, who exclusively told Football Insider it remains unclear whether the potential deal is for Palace or an investment in Eagle Football.

Textor had instructed merchant bank Raine Group to identify interested parties for his shares at Selhurst Park as he looked to secure an Everton takeover, but that deal fell through.

The American billionaire also owns majority stakes in French side Lyon, Brazilian first division club Botafogo and Belgian side RWD Molenbeek through Eagle Football.

The Daily Mail reported on 18 December Sportsbank is on the verge of agreeing a £230million deal with Textor for his Palace shares.

But the newspaper said the structure of the deal is still to be finalised, with discussions ongoing with the global investment firm over whether it will purchase the shares at Selhurst Park outright or purely invest in Eagle Football.

Textor’s company announced on 19 December it was postponing its annual general meeting, which was scheduled to take place on 20 December.

John Textor could be set to sell Crystal Palace stake

Borson believes that suggests something is going on behind the scenes.

He told Football Insider: “There was meant to be the annual general meeting for Eagle Holdings today, where they would have put forward certain resolutions, and it’s been postponed pending some further developments.

“I suspect something is brewing with the Sportsbank consortium.

“It’s a very odd situation that you can have an exclusive leak of a deal and they can’t tell you if the deal is to acquire 45 per cent of Crystal Palace or to make some investment into the overall Eagle group.

“The two deals are really very different, so the story is pretty odd.

“But the fact they have postponed the AGM does suggest that something is brewing.”

In other news, Crystal Palace are plotting Archie Brown move.

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The post 'Something Is Brewing' - Stefan Borson shares Crystal Palace takeover news today appeared first on Football Insider.