Everton takeover: Textor enters period of exclusivity to pursue purchase of Moshiri’s majority stake

Businessman John Textor has entered a period of exclusivity as he aims to purchase Farhad Moshiri’s majority stake in Everton, according to The Athletic’s David Ornstein.

Textor has an agreement in place with Moshiri but must sell his 45 percent stake in Crystal Palace before finalising a deal.

American private investment firm 777 Partners failed in their bid to complete a takeover after they couldn’t meet the Premier League’s owners and directors’ test.

The Friedkin Group, which also owns Italian club Roma, also failed to finalise a deal despite reaching an agreement in principle to take over the Merseyside club.

The group pulled out of talks, citing concerns about the club’s £200 million debt to 777 Partners.

Everton looked in serious danger of relegation last season after suffering points deductions for breaching financial rules.

But a series of impressive results under Sean Dyche late in the campaign saw them finish 14 points above the relegation zone.

Despite their financial troubles, the Toffees have managed to keep some of their top playersthis summer, including Manchester United target Jarrad Branthwaite.

Dyche’s side will begin their 2024-25 campaign when they take on Brighton & Hove Albion at Goodison Park on Saturday.