Textor's plan after Everton takeover emerges with £400m Eagle Football move incoming - report

John Textor could take Everton public if he completes a takeover after he floats his holding company Eagle Football on the New York Stock Exchange,... The post Textor's plan after Everton takeover emerges with £400m Eagle Football move incoming - report appeared first on Goodison News.

Sep 11, 2024 - 21:00
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Textor's plan after Everton takeover emerges with £400m Eagle Football move incoming - report

John Textor could take Everton public if he completes a takeover after he floats his holding company Eagle Football on the New York Stock Exchange, according to The Guardian.

The paper reported via their website on 10 September that if the American successfully replaces Farhad Moshiri sources close to him have indicated he could also list the club, which would require board approval.

Textor’s current plan for the Toffees is to combine the money of a group of unnamed partners with his own to buy the club before absorbing it into Eagle Football.

If he then floats it on the stock exchange it would give Everton supporters the chance to buy shares in their club, joining the likes of Manchester United, Tottenham and Arsenal.

Eagle Football’s initial offering is due this month with Textor seeking £400million in funding, but the addition of a full Premier League club to the company’s assets would make “far more attractive” to investors.

Textor already owns Ligue 1’s Lyon, Brazilian side Botafogo, and Belgian club RWD Molenbeek, plus a minority share in Crystal Palace which he needs to sell to takeover at Goodison Park.

John Textor cannot own Everton and Crystal Palace shares

It may not sound especially uplifting for fans if Everton are seen as a means to boost the value of Eagle Football but in reality most, if not all, potential buyers will have similar aims, including Dan Friedkin.

And if it works to drag the Toffees out of their current malaise under Moshiri it does not need to be a negative.

Sky News reported on 26 August that Textor has already canvassed interest from investors in putting £150million into the club, although his intention of buying Everton independent from Eagle Football before bringing it under the banner later has been blasted as “complete and utter nonsense” by The Esk.

Everton
Farhad Moshiri is in exclusive talks to sell Everton to John Textor.

It is still difficult what to truly make of the American’s bid to become the new Toffees owner, with his eagerness seemingly clear but his methods less so.

He revealed via his own website on 22 August that he had made a new bid to buy-out his co-owners at Crystal Palace, which although ignored would have taken him further from completing an Everton takeover instead.

His ambitious plans have a distinct air of positivity to them, and some fans may be pleased he is forthcoming with his communications compared to some, but there has been plenty of talk the past two years.

Yet Textor is the fifth buyer to enter into exclusivity with Moshiri so actions are now far more important.

In other Everton news, Todd Boehly has been advised to exit civil war at Chelsea and buy the Toffees.

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The post Textor's plan after Everton takeover emerges with £400m Eagle Football move incoming - report appeared first on Goodison News.

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