Sportsbank joined Eagle Football Holding

[tonypeers5]

Looks like our dream of replacing Textor are over.

“John Textor, founder of Eagle Football Holdings, has entered into an exclusivity agreement with Sportsbank, a sports investment group led by two Crystal Palace supporters, to secure a £230 million investment.

This capital injection aims to bolster liquidity across Eagle Football’s portfolio, enabling debt reduction and strengthening their multi-club strategy, which, alongside RWD Molenbeek and FC Florida, includes:

🇫🇷 Olympique Lyonnais: Reported record expenses of €311.5 million in 2022/23, resulting in a loss before player trading of -€97.8 million and total debt of €505 million.

🇧🇷 Botafogo: Suffered a combined loss of €67 million (2021/22 and 2022/23) and faces €135 million in debt, primarily from loans.

🏴󠁧󠁢󠁥󠁮󠁧󠁿 Crystal Palace: Despite record revenues of €206.4 million in 2022/23 and back-to-back operating profits, the club recorded a €31.3 million net loss due to high player acquisition costs.”

 

[Eagleman13]

Only "entered" NOT joined. This was reported 2 weeks ago. Its not a takeover by them.

 

[tonypeers5]

I thought it was more of a investment by them than anything else

 

[est1905]

The only difference from a Palace board room point of view is the shareholders did consist of Parish, Blitzer, Harris & Textor. Now they will consist of Parish, Blitzer, Harris and Textor along with a couple of investors in his own company Eagle Football Holdings. This company still hold 46% of Crystal Palace and still only have 25% voting rights. I doubt Palace will see much incoming investment as a result of Textor watering down his control of his own company. I doubt much will change for Palace at all really.