{"id":572639,"date":"2026-03-29T19:07:11","date_gmt":"2026-03-29T19:07:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/572639\/"},"modified":"2026-03-29T19:07:11","modified_gmt":"2026-03-29T19:07:11","slug":"textor-loses-control-of-eagle-football-as-creditor-takes-over","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/572639\/","title":{"rendered":"Textor loses control of Eagle Football as creditor takes over"},"content":{"rendered":"<p><img decoding=\"async\" data-chromatic=\"ignore\" alt=\"\" class=\"c-image\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/6NLW6GCFW4Q2WHIZMH6BDMGFYE.jpg\"  width=\"800\" height=\"533\"\/>Former Crystal Palace owner John Textor \u201clost control of his Eagle Football multi-club empire.\u201d Getty Images <\/p>\n<p class=\"c-paragraph sections-franchises \">Former Crystal Palace owner John Textor \u201clost control of his Eagle Football multi-club empire\u201d after its main creditor Ares Capital Corporation \u201cput the group\u2019s UK-based holding company into administration\u201d on Friday. Eagle Football Holdings Bidco is \u201cnow under the control\u201d of insolvency firm Cork Gully, who will \u201cimmediately start looking for buyers\u201d for Eagle\u2019s majority stakes in Brazilian club Botafogo, French club Lyon and Belgium club RWDM Brussels. Ares took this step because of \u201cevents of default under its financial agreements\u201d with Eagle, including the company\u2019s \u201crepeated failure to file accounts and other financial statements on time.\u201d Textor reacted to the news with his \u201ccustomary mix of bravado and defiance.\u201d Eagle Football in a statement said that it was \u201c\u2018gravely offended by the unilateral and predatory decision\u2019 of Ares to \u2018break apart a financially viable multi-club business\u2019 that Textor claims has turned \u2018insolvent clubs into sporting success stories\u2019\u201d (<a href=\"https:\/\/www.nytimes.com\/athletic\/7152831\/2026\/03\/27\/john-textor-eagle-football-administration-crystal-palace\/\" target=\"_blank\" rel=\"noreferrer nofollow noopener\" title=\"https:\/\/www.nytimes.com\/athletic\/7152831\/2026\/03\/27\/john-textor-eagle-football-administration-crystal-palace\/\">THE ATHLETIC, 3\/27<\/a>). <\/p>\n","protected":false},"excerpt":{"rendered":"Former Crystal Palace owner John Textor \u201clost control of his Eagle Football multi-club empire.\u201d Getty Images Former Crystal&hellip;\n","protected":false},"author":2,"featured_media":572640,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[563],"tags":[64,63,596,13198,85],"class_list":["post-572639","post","type-post","status-publish","format-standard","has-post-thumbnail","category-football","tag-au","tag-australia","tag-football","tag-soccer","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/572639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=572639"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/572639\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/572640"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=572639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=572639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=572639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}