Harry Cummins
Updated on: October 10, 2024 2:52 pm GMT
John Textor Likens Everton Ownership Bid to Becoming U.S. President
In a bold comparison, John Textor, the prospective new owner of Everton Football Club, stated that taking over the Premier League team would be akin to being elected President of the United States. In an exclusive interview with Sky Sports, Textor shared his vision for the club after entering into an exclusivity agreement to buy Everton from current majority shareholder Farhad Moshiri. This significant move comes as Textor looks to sell his 45 percent stake in Crystal Palace, seeking to pour resources into revitalizing Everton.
Textor’s Unique Position in Football
Background and Ambitions
At 58 years old, Textor is no stranger to the complexities of football club ownership. His company, Eagle Football Holdings, already has stakes in clubs across the globe, including French team Lyon and Brazilian club Botafogo. Despite the challenges posed by Premier League rules that prevent individuals from owning multiple teams in the same division, Textor is confident that he can finalize the Everton deal before the November 30 deadline set in his exclusivity agreement.
“Nobody wakes up and thinks, ‘I get to buy Everton,'” Textor stated. “But if you decide football is what you want in your life, then it’s like someone asking you if you want to be President of the United States. Of course, you do.”
Caption: Everton FC, a club with a rich history that Textor hopes to revitalize with his proposed ownership.
Navigating Financial Challenges
Optimism Amid Financial Woes
Textor acknowledged the financial hurdles facing Everton, including an eight-point deduction for breaches of profitability and sustainability rules. However, he expressed optimism about addressing the financial issues, suggesting his experience could aid in this regard.
“I’m in an awkward spot, but we’re working through it,” he explained. “I feel it’s manageable in terms of the PSR problem.” Despite these financial constraints, Textor is committed to enhancing the club’s competitiveness.
Exclusive Investment Plans
Textor is planning to leverage his own funds alongside those of undisclosed partners to finance the Everton purchase. His strategy includes not only securing the club’s financial health but also completing the transition of the team into Eagle Football Holdings. He emphasized that while there might be skepticism regarding his plans, Everton has a strong cash position and does not require immediate financial rescue.
The Path to Ownership
Current Ownership Terms
Textor became the fifth bidder to secure an exclusivity period from Everton’s owners, Blue Heaven Holdings. His bid hinges on the sale of his stake in Crystal Palace, for which he has received two serious offers, indicating strong interest in his shares.
Furthermore, he has downplayed rumors about replacing current Everton manager Sean Dyche, noting his respect for Dyche’s coaching capabilities and his intent to work collaboratively with the existing staff.
Addressing Fan Concerns
Recognizing the passionate fanbase, Textor made it clear that he understands the history and significance of Everton. He is prepared for scrutiny and criticism, acknowledging that fans will have reservations about his plans as he shifts the club’s direction.
“I know if I become the owner of Everton, there will be those who think I make decisions that look idiotic, and people will say that I don’t know football,” he remarked. “But I work for the anonymous fan whose father and grandfather loved the club.”
Recent Developments in Everton’s Journey
Overview of Key Events
In the last six months, Everton has faced significant challenges both on and off the pitch. Following the club’s defense against financial improprieties ended in an eight-point deduction last season, fans have been eager for stability and success. The uncertainty surrounding ownership has only added to the anxiety, with supporters left wondering what the future holds.
Additionally, the completion of the club’s new stadium has been a pressing concern for fans who want to see their team flourish in a modern facility. Textor has expressed a commitment to ensuring the project’s completion, which he views as pivotal for the club’s long-term health.
The Future of Everton
Textor’s Vision Post-Acquisition
Looking ahead, Textor aims to create a competitive squad capable of challenging for titles rather than merely settling for mid-table finishes. He understands that this ambition requires serious investment and strategic planning.
“Our goal is not just to avoid relegation but to make Everton a club that regularly competes for titles,” he concluded. “The longer this takes, the greater the probability that there’s some other smart guy out there that wakes up and sees this as a great deal.”
Conclusion: A New Era on the Horizon?
John Textor is interested in buying Everton, and this has made fans excited about what could happen next. They are hopeful but also a bit cautious. Big changes might be on the way as Textor deals with money issues and gets ready to complete his purchase. Everton fans are curious to see if he can bring new life to their team and help it become great again, just like it used to be.
