Textor's company, identified as Crystal Palace co-owner's enterprise, faces a strike-off warning
Article:
John Textor, a significant Crystal Palace shareholder, finds himself in a pickle with his company Eagle Football Holdings Limited, which recently received a "notice for compulsory strike-off"[1]. This notice, slapped amidst Textor's plans for an Initial Public Offering (IPO) in the US, has raised eyebrows and might cast a shadow over his forthcoming business ventures[1][4].
The notice was added to Eagle Football Holdings' filing history this month and dates back to 13th May 2025[1]. Textor, who holds nearly 50% of the Selhurst Park-based club[1], is one of nine active directors associated with Eagle Football[1]. Other notable names include Michele Kang, the owner of London City Lionesses[1].
Textor has been gearing up for an IPO as part of a $1.1bn debt and equity recapitalisation[1]. He made a splash in November by announcing an initial $40m raise[1]. However, the notice for compulsory strike-off could jeopardize Eagle Football's IPO due to potential concerns over regulatory compliance and transparency[1][4].
A compulsory strike-off notice signals that a company may face dissolution due to failing to comply with regulatory requirements such as accounting and filing obligations[1]. When an application for compulsory strike-off is filed, a public notice is placed in the Gazette, as seen with the first Gazette notice for Eagle Football Holdings Limited[1].
Eagle Football Holdings Limited's accounts have been overdue, with the most recent filing for the year ending 30 June 2023, due by 30 June 2024, yet to appear[1]. The confirmation statement for 26 September 2024 was also overdue, due on 10 October 2023, and still absent from Companies House[1]. However, the company did file its latest document in December 2023, a change in secretary's details, after the dates for the accounts and confirmation statement were due[1].
Textor, through Eagle Football Group, also owns Brazilian club Botafogo, Belgian side RWD Molenbeek, and Ligue 1 club Olympique Lyonnais[1]. He was once the prospective owner of Everton, who are set to move into their Bramley-Moore Dock stadium shortly[1]. Had he purchased the Toffees, he would have sold his 45% stake in Crystal Palace to facilitate the deal[1].
A compulsory strike-off notice will vanish once the required documents are filed[1]. Until then, Textor may face a challenge in convincing investors of his company's transparency and adherence to regulations, key factors essential for a successful IPO[1][4].
The Grimy Details
The compulsory strike-off notice for Eagle Football Holdings Limited indicates non-compliance with regulatory requirements, primarily failure to file financial accounts[1][4]. This notice, poised to be published in the Gazette, raises concerns about the company's ability to meet regulatory standards, potentially impacting investor confidence[1][4].
The lack of timely financial reporting could hinder the IPO process, as investors seek clear financial data before making a decision[4]. Delayed reporting could also damage the company's and Textor's credibility with potential investors and partners[2][4].
Without addressing these issues promptly, Eagle Football Holdings Limited may face obstacles in progressing with an IPO, as investors and regulatory bodies would be wary of investing in a company with unresolved compliance and transparency concerns [1][4].
- John Textor's Eagle Football Holdings Limited, associated with the football club Crystal Palace, has received a "notice for compulsory strike-off" that may affect Textor's upcoming business ventures, including an Initial Public Offering (IPO) in the US.
- The notice, issued on May 13, 2025, was added to Eagle Football Holdings' filing history this month and could jeopardize the IPO due to concerns over regulatory compliance and transparency.
- Textor, who holds nearly 50% of Crystal Palace, and other notable names like Michele Kang, owner of London City Lionesses, are associated with Eagle Football.
- Textor was planning to raise funds through an IPO as part of a $1.1bn debt and equity recapitalisation, with a potential raise of $40m announced in November.
- The compulsory strike-off notice signals non-compliance with regulatory requirements, primarily failure to file financial accounts, which could impact investor confidence.
- Textor, through Eagle Football Group, also owns football clubs in Brazil, Belgium, and the French Premier League, and had once been prospective owner of Everton, which is set to move into its new stadium, requiring the sale of his 45% stake in Crystal Palace.
