Everton takeover: Stefan Borson on Textor failing owners & directors test
John Textor will have to pass another owners and directors test to complete any potential Everton takeover.
That is the view of finance expert Stefan Borson, who exclusively told Football Insider 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.
Everton selling shares to John Textor is the easy part of the deal
“I assume he’s already been cleared on the owners and directors test via Crystal Palace,” he told Football Insider.
“But they still have to do it again.
“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.
“That bit might be the easy bit, apparently it’s only £25million down to buy those shares.”
In other news, Everton could sell new stadium and use Chelsea loopholes – Keith Wyness.
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