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Tuesday, July 23

Premier League

Crystal Palace

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Crystal Palace in line for £220m Chinese takeover?

:Headline: Crystal Palace in line for £220m Chinese takeover?:ID:362136: from db_amp
Crystal Palace could reportedly be sold to a mystery Chinese company for £220m this summer.
By , Editor-in-chief | 1mo

Crystal Palace have reportedly held talks with an unknown Chinese company about the possibility of a £220m takeover this summer.

The club are said to have 'rolled out the red carpet' for the prospective investor on a visit to Selhurst Park and the Beckenham training ground last month.

According to The Sun, Palace majority owners, American businessmen Josh Harris and David Blitzer, have appointed a US investment bank as advisors to help them achieve a sale.

The newspaper claims that the interested party's initial offer was below the £200m mark, although Harris and Blitzer remain confident of achieving their full £220m valuation.

It remains unclear whether long-term chairman Steve Parish, who owns 18% of the club, is involved in the deal.

Palace have stabilised in the Premier League following the appointment of Roy Hodgson as manager and last season finished 12th in the table.

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