John Textor

[Brownie]

Regardless of whether he takes over or not, it's a quality name isn't it. I can't help pronouncing it like a UK Garage DJ.

 

[Furey1878]

Could this just mean he was waiting to see how things played out with us?

 

[tonka1878]

Textor is a serious person mate, just like Friedken. The problem won't be on his end that I'm quite sure of.

The cynic in me is thinking Moshiri is just trying to kick the can down the road until the stadium is built though. And when he does finally go, MSP, Friedkin, Textor, Bell and Downing will probably carve out some sort of power sharing deal ala the Allies and Russia with Germany in 1945!

I agree that it is probably Moshiri who is the road block but there is always a blockage somewhere. The fact this Textor guy has got to sell his CP shares first is far from ideal though.

 

[canuckblue]

Textor is a serious person mate, just like Friedken. The problem won't be on his end that I'm quite sure of.

The cynic in me is thinking Moshiri is just trying to kick the can down the road until the stadium is built though. And when he does finally go, MSP, Friedkin, Textor, Bell and Downing will probably carve out some sort of power sharing deal ala the Allies and Russia with Germany in 1945!

So we end up with a wall bisecting the new stadium? Everton that.

 

[Damo_1878]

Not sure of the point you are making.

In business a period of exclusivity and due diligence are the norm.

When he already owns shares in another club that precludes him buying a new club?

Is that really the norm?

 

[Damo_1878]

Hiya mate I'm a bit late to the party but to give a counter point here, I think Textor selling his shares in Palace is probably a bit more straight forward than anyone taking over Everton. Palace are a fairly well ran club, and I imagine there are plenty of interested parties, possibly from the current shareholders to consolidate his shares beyond him selling them elsewhere. Moreover, it wouldn't be a takeover for Palace and they're not tied up in complicated stuff like we are with both FFP and the 777 loan fallout.

In short, if the story about him having been granted exclusivity is true then you can guarantee that he has a buyer for his shares lined up.

So why hasn't he waited until that sale has gone through and then announce "exclusivity"?

If that sale was going to go through so quickly and easily as you suggest?

 

[Damo_1878]

Could this just mean he was waiting to see how things played out with us?

No. Filing accounts is a statutory duty. There is no excuse for late filing.

 

[Matelot]

GOT is the Hulk
Damo is Loki

 

[Damo_1878]

GOT is the Hulk
Damo is Loki

I don't feel that's the case.

It might be that there are some posters on here that don't like to hear certain things they consider negative

It's good they hear it

 

[davek]

It's very understandable that a fanbase that's seen a couple of suitors fall by the wayside will be cynical of this development.

However, this feels like we may be getting somewhere.

 

[Infernus]

It's very understandable that a fanbase that's seen a couple of suitors fall by the wayside will be cynical of this development.

However, this feels like we may be getting somewhere.

In what sense? That is interesting, because to me with Textor it seems that there are more barriers in place than before

 

[Blue_Eagle]

A new ownership story and period of exclusivity is the same as Everton bidding 20-25m for a pacy winger every season, knowing they'll get rejected.

No Moshiri, it's not the thought that counts!

 

[The binman chronicles]

Not sure this can all be pinned on Textor. He owns 45% but as far as I'm aware doesn't do the day to day stuff, so shouldn't this sit in Parish's wheelhouse?

Obviously the borrowing rates aren't great but whilst he only owns so much, why would you pay off debts or refinance as the guarantor when it makes others a lot better off who aren't pulling as much weight...

 

[davek]

In what sense? That is interesting, because to me with Textor it seems that there are more barriers in place than before

No, less I would say.

Textor is now formally aware of the ongoing court case concerning 777 and is seemingly not put off by it. Also, there appears to be a willingness on the part of Palace to work with Textor to divest from that club.

 

[Eggsyblueskin]

When he first expressed an interest some months ago he also stated he was not in a position to enter the contest immediately due to his Palace shares.
With this in mind it would seem he must believe he is in a position to divest himself of his shares or he would not have entered into an exclusivity agreement.