John Textor has now put his 45% stake in Crystal Palace up for sale as the American eyes a way out of Selhurst Park.
Nothing is ever straightforward at Crystal Palace – to say the least.
Just as we begin to see signs of stability after Steve Parish fended off Bayern Munich’s desire to appoint Oliver Glasner – and also convinced Dougie Freedman to reject Newcastle – the man from Missouri now wants to relinquish his involvement in Crystal Palace.
So, why is John Textor selling his 45% stake, and how did those at Crystal Palace react? Let’s take a look…
Why John Textor wants out of Crystal Palace and how decision was received at Selhurst Park
The 58-year-old has now decided to put his 45% stake up for sale, after claiming that his multi-club model is “simply not a perfect fit for Crystal Palace” in an official statement.
In full, Textor said: “So, why would we sell, just when things are getting so good? Well, Eagle Football is known to employ a highly integrated sporting model across its football clubs, with an unprecedented amount of scouting collaboration and player movement within the family of clubs.
“As proud as we are to have been a part of the resurgence of Crystal Palace, it remains true that Crystal Palace is an independent club, run by a man with a steady hand, who has achieved a level of sustainability that is incredibly uncommon in today’s Premier League. An integrated sporting model, such as ours at Eagle, is simply not a perfect fit for Crystal Palace.”
The BBC add that those at Crystal Palace – presumably meaning Parish, Josh Harris and David Blitzer – have taken Textor’s decision amicably, so it seems there are no hard feelings.
Who could buy 45% stake
This situation has been brewing ever since the start of 2024 – back in January, there were claims that Textor and Parish had fallen out, with the American said to be upset by a lack of control.
At the time, a story by the Mirror even shared who could buy the 45% stake.
It was said that the aforementioned Harris – who already owns 18% of Crystal Palace – may decide to increase his own stake, making him majority shareholder at Selhurst Park.
READ MORE: Crystal Palace complete first signing under Oliver Glasner
Of course, only time will tell what happens for certain, although this is one potential outcome that would presumably keep all parties satisfied, so long as Parish continues his role as chief decision maker despite owning just 10% – a setup Harris and Blitzer seem to be content with.
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