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John Textor will have to pass another owners and directors test to complete any potential Everton takeover.that Textor buying Farhad Moshiri’s 94.1-per-cent stake could be the “easy bit” of this process.
The owners and directors test has to be passed by anyone looking to run a Premier League club, with the division aiming to ensure people in those positions can run them efficiently. Textor was granted a period of exclusivity to buy that stake on 15 August, but his stake in Crystal Palace has provided a stumbling block.
The Premier League rules forbid someone to have ownership of two clubs within the division, meaning Textor would need to sell his shares in the London side in order to progress with Everton. The 58-year-old has until 30 November to complete the takeover, as this is the deadline for his exclusivity agreement period.“I assume he’s already been cleared on the owners and directors test via Crystal Palace,”“You would think he would pass an owners and directors test, so that’s positive.“Then it’s a question of what happens with all of the other wrinkles around the Everton situation, it’s not simply a case of buying the shares from Moshiri.
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