John Textor's Bid for Everton Faces 'Awkward Spot' Due to Crystal Palace Ties

American businessman John Textor is navigating complications in his quest to purchase Everton due to his involvement with Crystal Palace. Textor, who is divesting his shares in Palace, has to balance Premier League rules while addressing Everton’s accounting issues. Club officials confirm ongoing but incomplete negotiations.

John Textor, American businessman, finds himself in an 'awkward spot' as he pursues the acquisition of Everton, complicated by his current ownership stakes in Crystal Palace.

In an interview with Sky Sports, Textor revealed he is in the final stages of selling his shares in Crystal Palace and addressing Everton's accounting problems, which recently led to an eight-point deduction under Premier League Profitability and Sustainability Rules (PSR).

Everton's interim CEO, Colin Chong, commented, noting that while positive progress is being made, some issues still need resolution. Textor's effort to buy Everton could face delays due to competing bids, although he is optimistic about finalizing the deal soon.

(With inputs from agencies.)