OL: 273 ME in the crates, Textor will let go

OL: 273 ME in the crates, Textor will let go
OL: 273 ME in the crates, Textor will let go

Despite his failure to buy Everton, John Textor still wants to sell his shares to Crystal Palace. The owner of Olympique Lyonnais received a proposal from a group of investors. An offer that could allow him to embark on a new adventure.

John Textor hasn't changed his mind. In his initial plan, the sale of his shares to Crystal Palace was to allow him to buy Everton, while respecting the rules of the Premier League which prohibit the same actor from managing two of its residents. It was ultimately the Friedkin group who took control of the Toffees. But the American still wants to part ways with the Eagles. This summer, the owner of Olympique Lyonnais confided that he had failed to acquire a majority stake in Crystal Palace.

A first offer for Textor

The businessman wanted to obtain total control like his status at Olympique Lyonnais, Botafogo and Molenbeek. But John Textor, facing a wall on the Eagles side, preferred to give up and collect a nice amount. Indeed, the Daily Mail revealed the amount of an offer received. In order to buy back the 45% of Crystal Palace held by the American, the Sportsbank group, which brings together investors from North America, Canada, Europe and the Gulf, offered 230 million pounds, or around 273 million euros!

The initiative comes mainly from Zechariah Janjua and Navshir Jaffer, two investors who are also supporters of Crystal Palace. Note that two other potential buyers have also expressed their desire to buy these shares, without sending a concrete offer for the moment. Their presence on this issue is obviously good news for John Textor who will be able to start the auction. Then the time will come to raise the largest amount possible, and probably to reinvest it in a new business.


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