American businessman John Textor has suggested a frustration over a lack of power when it comes to transfers has led to him wanting to sell his shares in Crystal Palace.
Ole cover comments from the American today, in which he admits an inability to do transfers with other clubs he owns fully has led to him wanting out of Selhurst Park.
Textor is currently seeking to sell his 45% share in Crystal Palace after failing in an effort to become the majority shareholder at the club.
His interest in English football isn’t over, though, as he’s sought to add another club to his growing collection in the Eagle Football Group.
He already tried to buy Everton this year before being outmanoeuvred by the Friedkin Group, while recent reports have linked him with a move to buy Watford.
These clubs have regularly done transfer business between themselves as groups such as this tend to do in the modern game. That’s not been the case with Crystal Palace, something which has seemingly annoyed Textor.
“We don’t have a majority position in Crystal Palace. We are the largest shareholder with 45%. The most anyone has is 10%,” he said.
“But we don’t own enough of the club to really collaborate on the roster, optimise a roster. When one club needs a centre-back and another club needs a winger, this global talent-identification presence that we have and this collaboration that we have, which is unheard of, I think, among multi-clubs, like football departments, they’re on the phone with each other all the time like friends.
“So, we can’t do that with Crystal Palace because there are so many other shareholders and their natural conflicts of interest that develop.
“And we’ve been trying to put ourselves in a position because it’s important for the players that we recruit into our system that we can give them pathways anywhere in the world.
“Our relationships in Europe and in England are very important. So, we’re looking at acquiring a majority stake in a Premier League club.”
