The owners of Premier League club Crystal Palace are very close to bringing in new US investment, involving David Blitzer and Josh Harris, who co-own NHL and NBA franchises. Co-chairman Steve Parish, who helped rescue the south London club from bankruptcy in 2010, said he was "really hopeful we can get it done".
Parish would continue to run the club's daily operations, while the investment would mainly be used for improvements to Selhurst Park. Blitzer and Harris co-own the New Jersey Devils hockey franchise and the NBA's Philadelphia 76ers. They are expected to take 18% shareholdings with Parish. Current co-owners Stephen Browett, Jeremy Hosking and Martin Long will see their current 25% stakes go down to 15.33%.
Parish said: "I think this club can be massive and it's a great opportunity. I want to move fast and to do that you need big funds. I'm prepared to do my bit, the three boys who are involved with me are prepared to do their bit. But we need to bring some new people in to accelerate it and make sure we've got everything we need. If I was a Palace fan, and I am, I'd be fantastically excited about the future."
Crystal Palace are currently 8th in the Premier League table and they are 11/2 at Bet365 to finish inside the top six this season.
Alexa Alexa 8 years ago
Crystal Palace is going to be another club with American capital in Premier League.Premier League is one of the competitions with biggest profit in the world,so it is normal to see invesments like this ,even in the smaller clubs,like Crystal Palace.This should help them to make even a better team next year.
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GREGJO
8 years ago
Manchester United were the first English team which bought by an American businessman. Bournemouth are ready to sell their club as well and now Crytsal Palace... I think this is not the best way to getting a strong Engalnd National Team. No doubt this is a good news for Crystal Palace but another hit for the National Team....
Manchester United were the first English team which bought by an American businessman. Bournemouth are ready to sell their club as well and now Crytsal Palace... I think this is not the best way to getting a strong Engalnd National Team. No doubt this is a good news for Crystal Palace but another hit for the National Team.
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sharpe
8 years ago
That's just some great news for Crystal Palace as a club. I think some improvements on Selhurst Park are much needed so they will have the chance to do it now after this fresh investments in the club starts flowing. The best of all is that they will maintain control to the management of the club in the face of Co-chairman...
That's just some great news for Crystal Palace as a club. I think some improvements on Selhurst Park are much needed so they will have the chance to do it now after this fresh investments in the club starts flowing. The best of all is that they will maintain control to the management of the club in the face of Co-chairman Steve Parish who knows what his doing after saving the club of bankruptcy some years ago.
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nik92 8 years ago
That would be great, big investors are always welcome. David Blitzer and Josh Harris have recognized a real team, which works nicely and can make progress. I wish that in the winter transfer window bringing in some good players and try to fight for a place in the European competition next year. By all shown this year they...
That would be great, big investors are always welcome. David Blitzer and Josh Harris have recognized a real team, which works nicely and can make progress. I wish that in the winter transfer window bringing in some good players and try to fight for a place in the European competition next year. By all shown this year they deserve that.
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