John Textor, co-owner of Crystal Palace, announced on Friday that he is seeking to sell his majority stake in the club.
Through his company, Eagle Football Holdings, Textor holds a 45% share in Palace and has enlisted the Raine Group to assist in finding a buyer.
Textor’s portfolio includes majority stakes in three other clubs: French side Lyon, Brazilian first division team Botafogo, and Belgian outfit RWD Molenbeek.
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Despite his pride in contributing to Crystal Palace’s resurgence, Textor acknowledged that the club’s independent management under a steady leadership has achieved a rare level of sustainability in today’s Premier League.
He admitted that Eagle Football’s integrated sporting model is not an ideal fit for Crystal Palace. However, he expressed confidence that numerous potential partners would be interested in stepping in.
Under the guidance of coach Oliver Glasner, Crystal Palace has seen a significant turnaround this season. Glasner, who replaced Roy Hodgson, has led a young squad out of the relegation zone to secure 10th place in the Premier League, promising a bright future for the team.
According to the BBC, Textor, an American businessman, remains keen on maintaining a presence in English football. He would consider acquiring Everton if the current sale negotiations with 777 Partners fall through. Eagle Football cannot purchase another Premier League club without first selling its stake in Crystal Palace.