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Thursday 17 December 2015

Crystal Palace Group of US businessmen investing £100m in Premier League club

The business men have agreed with Palace chairman, Steve Parish to buy 70% of the club
 Steve Parish Chairman of Crystal Palace
A group of American businessmen are set to invest £100m in Premier League side, Crystal Palace.
The business
men led by Josh Harris and David Blitzer, have agreed with Palace chairman, Steve Parish to buy 70% of the club.
Josh Harris leading a group of business men to invest in Crystal Palace Josh Harris also has a basketball and hockey team in the United States and is leading a group of business men to invest in Crystal Palace (Getty Images)

Parish will retaining an equal shareholding of 18% alongside Harris and Blitzer and will continue to run the club on a day to day basis.
Josh Harris and David Blitzer will have to invest in the Crystal Palace team

The Americans will invest a further £50m on expanding and improving Selhurst Park and improving the playing squad.
Harris and Blitzer are not new to running a sporting venture as they are owners of the basketball side Philadelphia 76ers and the ice hockey’s New Jersey Devils all in the United States of America.
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