Crystal Palace fans in the Transfer Tavern are deliberating the club news today as a report circulating the Tavern has indicated that the Palace chairman is expecting an investment from America before Christmas.
An article by The Guardian has revealed that Eagles co-owner Steve Parish is hoping to have a deal in place that would involve selling a sizeable shareholding to American investors, but has reassured the fans that he remains fully committed to the club.
Palace have reached an agreement with Josh Harris, the co-founder of Apollo Global Management, and his business partner, David Blitzer. Under the offer Parish, who owns a 25% at Palace along with three other members, would continue to run the day-to-day operations at Selhurst Park.
In his programme notes for the Monday night fixture at home to Sunderland, Parish wrote:
“There has once again been plenty of speculation regarding potential investment in the club. I can confirm that talks are in an advanced stage which would still see me as the joint largest shareholder alongside David Blitzer and Josh Harris, meaning the day-today running of the club will remain the same.”
“It’s important to me and the three other current owners, who will all stay involved in any future structure, that the club remains in the hands of people who love it as much as we do, and we’ll continue to do everything we can to drive it forward and establish ourselves as a force in the Premier League for a long time.”
“If it all goes ahead then it’ll be great for Crystal Palace Football Club, but we all know that these deals are complicated things so if it doesn’t go through then we’ll still be in a good position. I’ve said that we hope to get things done before Christmas if possible but we’ll see – I’ll keep you informed.”
As well as reassuring the fans that he will be fully committed to Crystal Palace, Parish has also stated that developing Selhurst Park will be one of the main priorities for the future.
Palace fans are excited for the financial investment and the opportunities it could bring the club.
How should Palace spend the investment? Let us know in the comments below!