The January transfer window is just around the corner and Crystal Palace chairman Steve Parish has big plans in place for the squad that could impact investor John Textor.
While the Eagles have struggled on the pitch, there has been something of a power struggle developing off of it that has also captured the attention.
Recent reports have stated that John Textor is looking to sell his Crystal Palace stake, with 45% of the clubs shareholdings belonging to him.
However, despite that, there has seemingly been a growing frustration over his place at Selhurst Park, with ambitions of owning the club fully.
That has seen Textor outline hopes of completing a takeover of Everton, though that has fallen apart with new investors closing in on a deal there.
It leaves the American businessman in a bit of a difficult position, not least since his French side Lyon face provisional relegation due to financial issues.
On top of that, the latest move by Crystal Palace chairman Steve Parish may well spell even more bad news for Textor.
Steve Parish’s Crystal Palace plans impact John Textor’s shares
Crystal Palace co-owner Parish is seemingly gearing up for a huge January transfer window when it comes to potential signings.
It may be a move to help strengthen Oliver Glasner and the options he has available to him, but the impact also reaches the boardroom.
That’s because, according to Alan Nixon on Patreon, the large winter spend could dilute the shares of Textor even further.
He states: “Crystal Palace supremo Steve Parish and his American pals are ready to spend in the next window.
“And that may put the squeeze on ‘rogue’ shareholder John Textor to cough up or clear out.
Parish and Yank allies Harris and Blitzer could put their hands in their pockets for a couple of attackers in January.
“But under their agreement with Textor that means he has to pay his share of anything they spend – and if he fails it will dilute his holding in the club.”
That may put a tight squeeze on the businessman to get a deal over the line for his stake before the January transfer window rolls around.
Placing that in the middle of the storm he already faces with Lyon, it could be a tough few months for Textor to find the answers.
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What football clubs does John Textor currently own?
While Textor made his way into business from the 1990s onwards, his dip into the world of football didn’t begin until 2021.
That was with the investment into Crystal Palace, where he has held a large stake of the club since joining forces with Parish.
With Eagle Football Holdings Limited, Textor then went on to buy Brazilian club Botafogo in 2022 before landing Belgian club RWD Molenbeek the same week.
The same year, he went on to purchase an ownership stake in Lyon, rounding out his current portfolio of clubs.
- Crystal Palace – 45% stake
- Botafogo – 90% stake
- Lyon – 77.5% stake
- RWD Molenbeek – 80% stake
There has been varying success, with Botafogo currently aiming for the Serie A title in Brazil, while Lyon are currently staving off financial concerns and potential relegation.
