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Lyon owner John Textor plotting Crystal Palace takeover

Related Topics: John Textor, Lyon, CPFC

According to The Guardian journalist Ed Aarons, John Textor is planning an ambitious takeover of Crystal Palace. The American businessman is also the owner of Olympique Lyonnais, RWD Molenbeek and Botafogo under his Eagle Football umbrella of clubs.

Textor is an existing shareholder at the Premier League club. The Lyon owner already owns 45% of the East London club and is planning to acquire a further percentage that would see his stake amass to more than 51% and make him the majority shareholder at the club. He has held talks with David Blitzer and Josh Harris about buying their shares in Palace, which constitute about 36% of the club.