John Textor Eyes Sheffield Wednesday Bid After Crystal Palace Exit

The well-known American businessman John Textor is in the news again as the ex-part owner of the reigning FA Cup champions Crytal Palace. Textor played a significant role in the Premier League club’s growth. He joined the English side in the year 2021, investing £87.5 million for a 40% stake, later increasing it to 43%. His entry as a board member saw a significant growth in Crystal Palace's infrastructure, allowing the Eagles to compete for the crown in the Best League in the world. However, he had limited control over key decisions as he was a minor in terms of the shareholding pattern, having only 43% shares. Later on, the Englishman John Textor sold his part of shares for £190 million to Woody Johnson, owner of the New York Jets, to resolve a multi-club ownership issue with UEFA after both Crystal Palace and his other club, Lyon, qualified for the Europa League.

Coming to the recent development, it is reported that John Textor is interested in buying the ownership in one of the oldest and successful first division teams in the English Football pyramid, Sheffield Wednesday. John Textor Sheffield Wednesday bid may open the door for the stagnant performer in the Championship to develop themselves as a competitive side seeking an EPL promotion.

John Textor Sheffield Wednesday Bid: A New Chapter for the Historical Club?

The recent news of John Textor Sheffield Wednesday bid sparked excitement among the loyal fans of the historical club of Sheffield. The club, currently owned by Dejphon Chansiri, is in a financial mess, with unpaid wages, a three-window transfer penalty, and a rusty squad after key players like Djeidi Gassama and Anthony Musaba left. Textor, who recently sold his shares in FA Cup winner Crystal Palace, is now actively looking to reinvest in English Football, with Sheffield Wednesday as a main target. According to a local media outlet, Textor is part of an American firm eyeing the historical English club, which could bring much-needed funds and stability to the Championship side.

Additionally, when asked about the bid, John Textor said, “ It’s a club I would like to help” probably for his rich culture and loyal fan base. However, no direct talks have happened yet, and Chansiri’s £100 million valuation could complicate negotiations. Sheffield Wednesday fans are very hopeful and that Textor's wealth and experience can be the exact thing needed right now to move the club ahead and make some progressive moves towards promotion in the First Division.

What Could John Textor Bring to Sheffield Wednesday?

If the American businessman John Textor Sheffield Wednesday bid gets finalized, he will become the key figure for the club as Sheffield Wednesday is going through turmoil. His experience in football, through ownership of Lyon, Botafogo, and RWD Molenbeek, shows his ambition to build a global football network. However, John Textor can not be deemed a successful owner as his past is marred by the incident of Lyon getting relegated due to financial difficulties under the ownership of John Textor.

Although his intent can not be questioned, as he was the only man who helped the reigning FA Cup winners, Crystal Palace, at the time of a fund shortage, even though he wasn't a key decision maker on the board. For Wednesday, his financial backing could resolve the wage issues and lift the transfer pause, allowing the club to rebuild its squad. Fans hope Textor, as an ex-Crystal Palace owner, can bring stability and a vision to return Sheffield Wednesday to its former glory, possibly even aiming for Premier League promotion.

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