Crystal Palace co-owner plans to sell £230m stake to buy EFL club after missing out on Everton

Crystal Palace co-owner John Textor is preparing a takeover bid for Championship club Watford.talkSPORT understands this.

American businessman Textor owns a 45 per cent stake in Palace through the Eagle Football Group.

he has been trying to sell his shares since February due to a confrontation with other owners: Steve Parish, Josh Harris and David Blitzer.

texter recently failed with an offer to buy Premier League club Everton, which will be acquired by The Friedkin Group following a long, drawn-out sale by Farhad Moshiri.

Now, Textor has turned his attention to English football's second tier, as first reported The sun.

Watford boss Gino Pozzo put ten per cent of his shares up for sale last summer.

It is understood the Italian would be open to offers on a full sale and wants between £150m and £175m.

Textor is believed to have held talks about a bid for WatfordEditwhile talking to other investors about creating a possible consortium.

The 59-year-old has extensive experience in the world of football: Ligue 1 giants Lyon, Brazilian league leaders Botafogo and Belgium's RWD Molenbeek are also under his watch.

Watford is believed to be attractive to him as he is also part of a multi-club project, along with Serie A side Udinese.

However, Textor must first find a way to transfer its 45 percent stake in Palace.

Boyhood Palace fans Zechariah Janjua and Navshir Jaffer are believed to have made a bid through investment group Sportsbank.

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Textor's American compatriots Harris and Blitzer could buy him, with the price set at £230m.

The Eagles currently sit 17th in the Premier League standings after a difficult start to the 2024/25 campaign.

Oliver Glasner's team has only won one of its first ten games.

Meanwhile, Watford have made a brilliant start to the campaign under Tom Cleverley.

The former midfielder has the Hornets fifth in the Championship table and seven points behind league leaders Sunderland.