John Textor looks keen to get away from Crystal Palace as he meets with another Premier League club and suitors for his shares emerge.
In what has been a bizarre story over the past week, Crystal Palace shareholder John Textor now looks set to sever ties with the club, a decision which has been taken amicably by the other owners.
Textor is the majority shareholder with 45% and would be set to sell all 45%, at a time when the club is on the up on the field.
In his statement announcing his intentions, he cited a reason for the sale as that Palace just wasn’t fit for his multi-club model due to it being an independent club run by a man – Steve Parish – with a steady hand.
Trouble has been brewing all year long, with it being suggested that Parish and Textor had fallen out due to the former having control over decisions despite owning just 10% – while 18% each is owned by other owners Dave Blitzer and Josh Harris.
Textor eyes up another Premier League club as his Palace shares are targetted
Just when it seemed like Palace might finally have some consistency and a normal summer, the Textor news emerged.
Now, according to Alan Nixon’s Patreon, Textor isn’t done with the Premier League despite aiming to sell his Palace shares.
This is because he’s now met with Everton owner Farhad Moshiri in a bid to swap clubs within the league.
The report explains that Textor flew into Spain to join a summit which had Moshiri along with Evertonians Andy Bell and George Downing. Textor looks like he’ll definitely be in the race to arrive at Everton as other interested parties like 777 Partners falter in their bids.
In order for this to come off, Textor would need to sell his Palace shares first due to Premier League rules and would likely be given a grace period to sell one while closing a deal for another.
If sold, Nixon has also reported that Palace’s decision maker Parish could take the shares if he is able to find the cash or discovers a new backer. While Americans Harris and Blitzer may also fancy their chances.
What would be best for Palace?
Six months ago, few would’ve been happy with Parish becoming the majority shareholder, but it’s probably the best option given alternatives are risky and could mean bad things for Palace.
Parish has proven he cares about the club despite any fan backlash earlier this year, he ultimately made the call to bring Oliver Glasner in and looks set to back him this summer.
Parish has lofty ambitions for Palace as he made that title-winning prediction years ago and could be a really positive thing if he were to take the extra shares as opposed to some outside investment.
Parish deserves praise for his recent decision-making and keeping Dougie Freedman, so if we had a choice that’d probably be it.
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