In the grip of very serious financial difficulties with Olympique Lyonnais, John Textor is seeking to sell his shares to Crystal Palace. A significant amount has arrived on the table in recent hours.
Olympique Lyonnais urgently needs cash. The Rhone club, which is part of the Eagle structure which has a debt of 500 million euros, saw the DNCG pronounce an administrative relegation as a precaution at the end of the season against it. John Textor, owner of the club via Eagle Football Holdings, is in a hurry. On the other hand, the American businessman, who has made it clear that he wants to sell his 45% stake in Crystal Palace, may be about to get some good news. The one who is now involved in the project of another Premier League team, although it should not be Everton, has received a colossal offer to sell his shares. As he himself said at a press conference, his goal is to sell as quickly as possible, and three credible candidates have come forward. One of them now has a head start.
Textor close to selling its shares to Crystal Palace
According to information reported by the Daily Mail in recent hours, Sportsbank, a group of investors established in North America, the Middle East and Europe, is ready to make an offer of 275 million euros to buy back the shares of Textor among the residents of Selhurst Park. If the agreement is concluded between the two parties, Crystal Palace, which is experiencing a complicated start to the sporting season in the Premier League, will be valued at more than 500 million euros. Textor, for the moment, has confirmed that the Eagles no longer fit into his development strategy. He owns OL, Molenbeek and Botafogo, and now wants to focus his activities in England. At the end of the transfer window, the American sent Orel Mangala on loan to the Toffees, while another Lyon player, Ernest Nuamah, is still in the sights of Everton, whom he has long courted this winter.
