Former Palace owner Textor suffers setback in legal case over claim he owes £72m
Former Crystal Palace owner John Textor has faced a setback in a legal case where an investor in his multi-club group, Eagle Football, claims he owes £72m. The UK commercial court has ruled that Textor has a case to answer in the $97m (£72m) claim from Iconic Sport, who purchased a 15.7% stake in Eagle three years ago. The dispute stems from this transaction, as Eagle holds majority stakes in clubs like Lyon, Botafogo, and RWD Brussels. Textor had previously sold his 43% stake in Crystal Palace to Woody Johnson, the former US ambassador to the UK. The court's ruling suggests that Textor must now address the allegations made by Iconic Sport regarding the £72m claim.
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