John Textor will finally get rid of Crystal Palace. According to The Daily Mailnegotiations between the American businessman and Sportsbank are on the verge of success. The British media had already revealed that the group of investors from North America, Canada, Europe and the Gulf had made a significant offer to acquire Palace last month. Sportsbank will take 45% of the shares of the London club for a total of 230 million pounds sterling (around €278 million). The aim is to complete the transaction by February 2025.
Current discussions focus on how the deal will be structured: either through a direct buyout of Textor’s shares in Crystal Palace, or through an acquisition of its company Eagle Football Holdings, which also owns Olympique Lyonnais, Botafogo and Molenbeek. If the transaction is successful, Sportsbank will work with the club’s current co-owners, Steve Parish, Josh Harris and David Blitzer. In addition, the investment company plans to invest from the next winter transfer window to strengthen Oliver Glasner’s squad.
