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Whether the process of Textor selling his stake in Palace influences Uefa’s final decision remains to be seen.<\/p>\n
But it does provide an indication the businessman is open to severing ties with Palace, an eventual scenario that could allow the Premier League club entry into the Europa League.<\/p>\n
The other two parties in the running are unconfirmed but well-placed sources have indicated that a globally-renowned entertainment giant based in Florida have shown an interest, while another consortium that includes the NBA star Jimmy Butler also have a reported interest.<\/p>\n
Investment vehicle Sportsbank \u2013 who were named as the preferred bidder to buy into Eagle at a time Textor was looking for investment \u2013 have also shown an interest in making an offer.<\/p>\n
However, it is claimed that it would have taken around a month for Sportsbank to draw the financial contributions from their investors from the Middle East and the US which would not suit Textor’s need for a quick sale to help aid Palace’s case with Uefa.<\/p>\n
Sources claim that Johnson is best placed among the interested parties to pass the Premier League’s owner’s and directors test given his estimated \u00a33.39bn fortune and his status as globally-renowned businessman. He is the heir to the Johnson & Johnson pharmaceutical company.<\/p>\n
Uefa are expected to make a decision on whether Palace can participate in the Europa League by the end of June.<\/p>\n<\/div>\n