OL. NBA star negotiates buyout of Textor shares from Crystal Palace

OL. NBA star negotiates buyout of Textor shares from Crystal Palace
While John Textor seeks to sell his minority shares in Crystal Palace, a consortium led by Jason Kidd has reportedly made him an offer.

According to media information The AthleticDallas Mavericks coach Jason Kidd is part of a consortium that submitted an offer to acquire 45% of Crystal Palace’s shares, held by John Textor’s Eagle Football company, the current owner of Olympic Lyonnais in Ligue 1.

An offer deemed insufficient by the current owner of OL

Alongside the iconic point guard, recently inducted into the NBA Hall of Fame, this group also includes an executive from Morgan Stanley, a former lawyer for Roc Nation, as well as two Saudi businessmen who created a dedicated fund to the takeover of a football club.
This offer, deemed insufficient by John Textor, the main shareholder of Eagle Football and one of the four main owners of the London club, has so far not been successful. Textor has in fact gradually strengthened its stake in the capital of Crystal Palace, going from 40% in 2021 to 45% recently.

Jason Kidd and his partners aren’t the only ones interested

In addition to the consortium led by Jason Kidd, other investors have also shown interest in taking a stake in the Premier League club, such as former Everton manager Keith Harris and Stanley Tang. , co-founder of DoorDash.
Although negotiations have not yet been finalized, this potential transaction illustrates the growing attractiveness of the English championship to international investors, including in American professional sport.

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