Deadline shared when John Textor needs to agree Everton deal

John Textor is optimistic that he and Farhad Moshiri can come to a deal for Everton’s purchase.

Paul Joyce claims that the US business magnate and Moshiri have a deal in which Moshiri has until November 30 to complete the purchase of Everton outright.

The 58-year-old, though, must sell his Selhurst Park shares in order to move forward with purchasing a different Premier League team

After failing in his effort to purchase Crystal Palace altogether, Textor is now attempting to sell off his shares in order to purchase the Merseyside club.

Moshiri agreed to a contract with 777 Partners over a year ago to sell his 94.1% stake in the club, but he called off the agreement because he was concerned the Miami-based owners wouldn’t have the necessary funds.

Textor has committed to cover Everton’s £600m-plus debts if he completes the buyout, and on top of that, he is ready to give Moshiri an exit fee that might reach £50 million over the following five years.

Textor stated in an interview with the French publication Le Progres on September 11 that he intends to separate from the Eagle company and form his own holding company in order to acquire Everton.

He appears to be highly optimistic that he can reach an agreement before the deadline of November 30.

To be fair, it is unlikely to be too difficult to reach an agreement with Moshiri. Selling his 45% stake in Crystal Palace is the real pain. If all goes according to Textor’s plan, Everton supporters should be able to witness the arrival of a new owner before the year ends.

Textor is expected to make wise choices at Everton, whether it’s authorizing funds for new players or selecting a new manager to lead the team into the future. He has expertise managing a football team.

In other Everton-related news, it’s said that John Textor wants to allow supporters of the team to purchase club stock.