The deal for a consortium of American sports investors to take a stake in Crystal Palace has finally been completed – and it’s bigger than expected.
70 per cent of Palace shares have changed hands in a deal which will give the investors a controlling stake. The cost was £100m and they will put in £50m to upgrade Selhurst Park and invest in the playing squad.
Steve Parish will, however, continue to be involved in all major decisions.
The deal for a consortium of American sports investors to take a stake in Crystal Palace has finally been completed – and it’s bigger than expected.
70 per cent of Palace shares have changed hands in a deal which will give the investors a controlling stake. The cost was £100m and they will put in £50m to upgrade Selhurst Park and invest in the playing squad.
Steve Parish will, however, continue to be involved in all major decisions.