John Textor has outlined how he plans to fund a prospective Everton takeover.
Textor entered into a period of exclusivity with majority shareholder Farhad Moshiri and anticipates that a deal could be concluded before late November.
The 58-year-old will need to relinquish his 45% stake in Crystal Palace before being able to finalise any potential investment with the Goodison Park club.
But speaking at a news conference on Wednesday, Textor explained that his bid for the Blues will be independent of his Eagle Football holding companies.
He also revealed several associates have been invited to join the consortium under the name Everton Footballl Group that will seek to ascend to power.
“The potential acquisition of Everton would be funded by new equity that I’m investing,” said Textor.
“That contract, it’s very important to understand, as it’s being contemplated and drafted, is with myself as the buyer – not Eagle Football Holdings in the UK [and] not Eagle Football Group in France.
“So the buyer of Everton is John Textor, ostensibly. I hate to talk about myself in the third person but I’m trying to be clear.
“We’re forming a new holding company called Everton Football Group and I’m the principal buyer of that group.
“I have invited a couple of other friend with terrific resources that will support that acquisition.
It’s contemplated that I’ll be the majority shareholder of that small holding company so expect it to be highly collaborative with Olympique Lyonnais and the other clubs of Eagle Football Group – but legally very separate.
“In that sense it will have no impact on the financials of Eagle Football Holdings or the French company Eagle Football Group or Olympique Lyonnais.
“It’s just a great collaborative partner and the acquisition of that is going to be separately financed with no debt, with 100% equity. It’s just a straight equity purchase of the shares of Everton Football Group, if it happens.
“While I like to feel it’s greater than 90% probability, I’m not the [yet] owner of Everton Football Club and he (Moshiri) still has plenty of options.”