John Textor is aiming to trade Crystal Palace in for Everton, but he has rejected offers for his shares at Selhurst Park so far.
For Crystal Palace, the ownership situation has been ongoing in the background for the past few months following the initial reports of John Textor looking to leave.
Textor had previously met with Everton over potentially acquiring the club – which left us questioning where his stakes could go in the event that he sold his 45 per cent share in the club.
However, from two months ago until now, things have gone silent over the situation. At least they had been until now with reports suggesting Textor has had bids for his shares – while he still eyes up Everton.
John Textor rejects offer for Crystal Palace shares
It has been no secret that Textor is trying to leave Selhurst Park, with Everton the club he wants to be involved in going forward.
According to The Guardian, Textor has already made a bid to become the majority owner of Everton – although this means he must sell his Palace shares and he wants to make a profit on the £87.5m he paid in 2021.
This is thought to have now ruled out Josh Harris and David Blitzer who each own 18 per cent of the Eagles, as they have only offered Textor the fee he paid.
Textor is believed to have been taken aback by the low offer considering the positive place Palace is in now.
This comes two months after Dave Blitzer actually sold his Augsburg shares – something we suggested could mean he was planning to take some of Textor’s shares.
Textor is also said to have talked with another Premier League club and a Championship over a possible takeover – likely in the event that Everton does not work out.
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Why Textor wants to depart Crystal Palace
It is little secret that Textor has grown weary at Palace due to the lack of control he has in making decisions – making it hard for him to use the club within his multi-club model.
Steve Parish is who makes the controlling decisions, despite his 10 per cent share which is the least of the four main shareholders.
Due to this quite understandably Textor is keen to become the majority shareholder at a club where he can mould it into his vision – as he has done with Lyon.
Ultimately, it is probably the correct call and for Palace it could work out better as well depending on who decides to buy the shares from Textor.
