Jay-Z linked with sensational joint takeover of huge Premier League club

This could be huge for them

The music icon and husband of Beyonce has become an entrepreneur on the back of his music success.

The Brooklyn-born rapper’s net worth has been valued at approximately $2.5 billion which could provide a massive boost to struggling Everton.

As first reported by The Sun, US businessman John Textor, 58, who is looking to takeover the Toffees has contacted several potential partners to join his bid, including Jay-Z.

Textor revealed last week that there has been ‘progress’ in his bid to buy Farhad Moshiri’s majority stake of Sean Dyche’s side.

The businessman must sell his 45 per cent stake in Crystal Palace first to meet Premier League rules.

If he is successful, he will still need help financing a buyout and signings and hopes to sell the idea to those interested in using Everton’s new Bramley-Moore Dock stadium for other projects.

Jay-Z is often seen at sports events and became the hip-hop world's first billionaire in 2019.

The rapper could be inspired by fellow US superstars such as Ryan Reynolds and Rob McElhenney whose takeover of Wrexham breathed new life into the club.

US sports stars Tom Brady and LeBron James also have investment in English football clubs.

54-year-old Jay-Z was inducted into the Rock & Roll Halll of Fame in 2021.

In addition to his music career, he has invested in liquor businesses, fine art and shares in Block and Uber.

Everton are currently bottom of the division as one of only two teams yet to pick up a league win this season.

Their inferior goal difference to Southampton means it is them who find themselves propping up the table.

They narrowly escaped relegation last season after a 10-point deduction which was later amended to a six-point deduction for breaking Premier League PSR.