Key facts
- John Textor obtained a temporary injunction from the High Court.
- The injunction prevents the sale of John Textor's 90% stake in SAF Botafogo.
- Administrators of Eagle Football Holdings Bidco are attempting to sell the stake.
- Eagle Football Holdings Bidco entered insolvency in March.
- John Textor was formerly the owner of Crystal Palace.
John Textor, who was previously the owner of Crystal Palace, has successfully obtained a temporary injunction from the High Court. This injunction prevents the sale of his 90% ownership stake in the Brazilian football club SAF Botafogo. The order was issued to halt the sale by the administrators of Textor's holding company, Eagle Football Holdings Bidco. This company entered insolvency proceedings in March. The legal action by Textor aims to prevent the administrators from selling his substantial share in the club while the insolvency process is ongoing. The High Court's decision provides a temporary reprieve for Textor regarding his investment in the Brazilian football entity.