15 MINUTES AGO: John Textor’s £400M PAOK Bid Enters Final Stages — “To Make A European Power”
THESSALONIKI, GREECE – American sports entrepreneur John Textor has moved to the brink of acquiring Greek giants PAOK FC, with his reported £400 million takeover offer now in the final negotiation phase, according to well‑placed and reliable sources. All parties are currently reviewing the full agreement ahead of what could be a landmark official announcement in the coming days.
The Target: PAOK FC
The historic Thessaloniki club is currently controlled by Ivan Savvidi, the Greek‑Russian businessman who has overseen the team through his holding company Dimera Group Limited Ltd since 2012. Savvidi transformed PAOK into a domestic contender and regular European participant, winning multiple Greek Cups and finishing top of the league — but now, after 14 years at the helm, he is preparing to pass the torch.
Textor’s Vision
Textor, founder of Eagle Football Holdings and already the driving force behind Olympique Lyonnais, Botafogo, and RWDM Brussels, has confirmed his ambitious plans should the deal go through:
“This is not just about ownership — it is about building something that belongs at the very top. I will invest heavily in every area: the squad, the academy, the stadium infrastructure, and the commercial reach. My goal is clear: to make PAOK one of the biggest clubs not just in Greece, but across all of Europe.”
The £400 million valuation covers the club, its assets, and a commitment to substantial future capital investment. Negotiations have progressed steadily from preliminary discussions to final due diligence.
Final Stages Reached
Sources close to the talks confirm:
– ✅ Financial terms have been broadly agreed
– ✅ Due diligence review is nearing completion
– ✅ Savvidi and Dimera Group are studying the final draft agreement
– ✅ Official announcement is expected within 72 hours if signed
Savvidi has not issued a personal statement, but Dimera Group confirmed they are “engaged in constructive dialogue regarding the club’s next chapter.”
What It Means For PAOK
Should Textor take the reins, PAOK would join a growing multi‑club group, creating pathways for player movement, shared scouting, and operational synergy. Supporters have reacted with a mix of excitement and caution: “We have seen what he did at Lyon and Botafogo — now we want that here too. But we need clarity and we need results.”
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