Other insiders point out Moshiri had outstanding questions relating to the sale of Palace shares as well as other sources of funding to complete a deal.

All those involved in negotiations, however, agree Textor will not now be taking control at the club, which is available for purchase again after the collapse of the 777 Partners deal last month.

Friends of Textor point out he was the only candidate to be proven in football club ownership and they were confident he would pass directors and owners’ tests once he had secured a sale at Palace. The tech entrepreneur had gone public with his hopes to buy the Merseyside club after calling in Raine Group, the New York broker which secured sales for Chelsea and Manchester United, to find a buyer for Palace.

But, as The Telegraph reported earlier on Monday, Moshiri is biding his time and weighing up the merits of other offers on the table for Everton. Locally-born businessmen Andy Bell and George Downing lead the running, telling Moshiri that they have the immediate funding.

However, a consortium of Middle East, Australian and US investors led by London-based Armenian Vatche Manoukian is also strongly pursuing Moshiri’s 94 per cent stake. At midnight on Friday, Manoukian sent Moshiri a £400 million offer which was described as all equity with the intention of helping to deleverage the heavily-indebted club.

Proposals have also been tabled from another existing lender, MSP Sports Capital, to take control via equity and debt. Roma owner Dan Friedkin and Kenneth King of investment firm A Cap – a controversial candidate given ties with 777 – are also monitoring talks.

Everton is worth in excess of £400 million but any potential deal is complicated by club debt paying for the new stadium. It is hoped an initial agreement can be announced long before the start of the new season, but Telegraph Sport is aware of multiple parties planning for the eventuality that a full takeover may not be complete, with directors and owners’ test approval, until October.