John Textor is confident that he will be able to reach an agreement with Farhad Moshiri to buy Everton.
According to Paul Joyce, the US business tycoon has an agreement with Moshiri that gives him until November 30 to finalise his purchase of Everton outright.
The 58-year-old, however, needs to sell his shares at Selhurst Park in order to proceed with buying another Premier League club.
Textor tried to buy Crystal Palace outright but failed in his attempt, and as a result, he is now looking to sell off his shares to buy the Merseyside club.
Almost a year ago, Moshiri agreed on a deal with 777 Partners to sell his 94.1% shares at the club, but he terminated the deal after fearing the Miami-based owners wouldn’t be able to stump up the cash.
Textor has agreed to cover Everton’s £600m-plus debts if he completes the takeover, and on top of that, he is ready to pay Moshiri an exit fee that could reach £50 million over the next five years.
John Textor could be the saviour for Everton
In an interview with French news outlet Le Progres on 11 September, Textor confirmed that he wants to create his own holding company to purchase Everton, which will be different from the Eagle company.
It looks like he is very confident that he will be able to strike a deal before the November 30 deadline.
To be fair, agreeing a deal with Moshiri probably won’t be a big issue. The real headache is to sell his 45% Crystal Palace shares. Textor thinks he is close to doing that, and if everything goes well, Everton fans can finally expect to see a new owner in place before the end of this year.
Textor has experience running a football club, and therefore, he is expected to make good decisions at Everton, be it in sanctioning money for new players or appointing a new manager to take the club forward.
In other Everton news, John Textor reportedly wants to involve Toffees fans in buying shares at the club.
