(Credit: Getty Images/Imago)
Thu 3 July 2025 13:58, UK
John Textor could now agree a Sheffield Wednesday takeover deal as he closes in on a Crystal Palace exit.
Textor agreed to sell his Palace stake to Woody Johnson on 23 June, with the deal believed to be worth around £190million.
The 59-year-old has moved to sell his shares in a bid to allow Oliver Glasner’s side to play in the Europa League next season.
Textor’s ownership of Lyon has presented a stumbling block after the French side also qualified for the Europa League, with Uefa’s rules prohibiting clubs controlled by the same owners or directors from competing in the same European competition.
However, Lyon’s relegation to Ligue 2 following their financial issues could help Palace’s chances of playing in the competition.
Football Insider revealed on 2 July Textor has now stepped down from his role as a Palace director.
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The American billionaire’s Eagle Football Holdings purchased shares in the Premier League side in 2021 after initially investing £87.5million into the club.
Eagle Football Holdings’ portfolioJohn Textor plotting Sheffield Wednesday takeover bid
Textor also confirmed on 30 June he is stepping down from his leadership roles at Lyon.
The American said he will now focus on his other teams – Brazilian first division outfit Botafogo and Belgian side RWD Molenbeek – as well as his “next club in England”.
The Star reported on 30 June Sheffield Wednesday remain on Textor’s radar alongside other Championship clubs.
Wednesday are currently in a crisis under owner Dejphon Chansiri as pressure grows on him to sell the club, with players and staff not paid on time or in full in either May or June.
The Telegraph reported on 2 July six players have now handed in their notice after the wages weren’t paid.
Maheta Molango, the head of the Professional Footballers’ Association (PFA), has labelled the situation at Hillsborough “shocking” and “not tolerable”.
Meanwhile, Wednesday have been hit with a transfer embargo for the next three windows as the crisis continues to deepen in South Yorkshire.
John Textor is considering making a Sheffield Wednesday takeover bid (Credit: Getty Images)John Textor could agree Sheffield Wednesday takeover after £70m claim
Chansiri is understood to be looking for around £100million to sell the Owls this summer.
Finance expert Dan Plumley told Football Insider Wednesday are only worth around £70million due to their ongoing issues.
Textor could now move to buy the Owls after leaving his role as a director at Palace and taking a step back at Lyon.
However, there are question marks over whether he’s right for the club and if they are the ideal fit for him, with both parties currently experiencing financial issues.
Wednesday finished 12th in the Championship table under Danny Rohl last season.
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