A major sale soon to be conceded by Textor?

Negotiations between John Textor and investor group Sportsbank are nearing completion over the sale of Crystal Palace. According to information from the Daily Mailthe American businessman is about to sell 45% of the shares of the London club for a colossal amount of 230 million pounds sterling, or around 278 million euros. “The objective is to conclude the transaction by February 2025”specifies the British media.

A structured sale and immediate investment

Current discussions concern the structuring of the agreement, which could take the form of a direct purchase of Textor's shares in Crystal Palace or a acquisition of his company Eagle Football Holdingsalso holder of Olympique Lyonnais, Botafogo and Molenbeek. Regardless, Sportsbank will work with the club's current co-owners, Steve Parish, Josh Harris et David Blitzer. In addition, the group of investors plans to inject funds from the next winter transfer window to strengthen Oliver Glasner’s squad.

A gradual disengagement from Textor

This sale marks an important step in the gradual disengagement of John Textor of his various sporting projects. After acquiring shares in several clubs around the world, the businessman now seems to want to focus on other investments. “The negotiations between Textor and Sportsbank were already revealed last month”recalls the Daily Mail, highlighting the growing interest of investment funds in professional football. This operation could pave the way for other similar transactions in the months to come.

New momentum for Crystal Palace

For Crystal Palace, this sale represents a opportunity to give new impetus to the sports project from the London club. With significant investments announced this winter, Oliver Glasner's team could strengthen significantly and aim for more ambitious objectives. Palace fans hope that this transition will be smooth and will allow the club to reach a new level in the years to come.