Crystal Palace takeover: Stefan Borson taken aback by John Textor update

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Crystal Palace takeover: Stefan Borson taken aback by John Textor update
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Everton’s prospective owner John Textor has received “great news” after revealing two parties have submitted bids for his Crystal Palace shares.he does find it “surprising” there has been so much interest in buying the American’s 45-per-cent stake at Selhurst Park.

Textor was granted a period of exclusivity on 15 August to buy Everton owner Farhad Moshiri’s 94.1-per-cent stake at Goodison Park. But one complication is the 58-year-old’s stake in Palace, with Premier League rules forbidding ownership of two clubs in the same division.on 11 September, Textor revealed he has now received two bids for his shares in the south London club and a deal could be agreed in the next two weeks.

The American also admitted he is confident he can complete his takeover of Everton before the 30 November deadline set out in his exclusivity agreement.But Borson revealed one potential issue is the buyer of his Palace stake will have to go through the Premier League’s owners’ and directors’ test before that sale can be confirmed.“Textor says he’s two weeks away from doing a deal on Palace, so that’s quite a bold statement.

“I guess in parallel to that he would probably end up trying to go through the process that he’s got in place with Everton.”

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