John Textor may offer Everton supporters the opportunity to purchase shares if he is successful in his bid of £600m to take control away from Farhad Moshiri. The American is getting ready to list his Eagle Football Group, which includes Lyon, Botafogo Brazil and RWD Molenbeek in Belgium. It also has a 45% share in Crystal Palace. Textor’s sources said Everton may be made public at a future date.
Textor, who was granted exclusive rights to negotiate last month, is believed to be confident of reaching an agreement within four weeks with Moshiri regarding the purchase of Everton. The 58 year old has not yet sold his Palace stake so it could be a long time before the Premier League approves.
Textor plans to use his own money, along with that of several unidentified partners, to finance the Everton acquisition before absorbing Eagle Football. Everton would then need to be approved by the club board before it could be listed on a stock exchange. Even though a public listing is rare among Premier League clubs like Manchester United, Tottenham and Arsenal are all listed on the New York Stock Exchange.
Textor is seeking approximately £400m to fund the Eagle Football Initial Public Offering. Textor refinanced Lyon’s debts worth £325m last year.
Sources familiar with the process say Textor has been preparing for a floatation for a while and the addition of Premier League clubs to the group will make Eagle shares more attractive to investors.
Textor’s Everton bid is complicated by the Palace boardroom standoff because he cannot sell his shares, despite marketing them through Raine Group. Textor has yet to reach an agreement with Josh Harris and David Blitzer, and his offer to buy out the two shareholders last month was rejected.
Textor, after Kaminski Group and Friedkin Group collapsed, is the fifth bidder who has entered into an exclusive agreement with Moshiri. Textor agreed to cover Everton’s debts of more than £600m and pay Moshiri a fee for exiting the club that could be as high as £50m in the next five-year period, depending on Everton’s financial and football performance.
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