PICTURES: Palace’s US Investment Now Looks To Be Just Days Away

2 Posted by - December 15, 2015 - Daily Thoughts, News

It looks as though the deal that will see US billionaires Josh Harris and David Blitzer purchase a sizeable chunk of Crystal Palace FC is now incredibly close to being officially confirmed. 

As this shows, Josh Harris registered himself as the director of two new organisations at Companies House on Monday evening, with Selhurst Park designated as the address for correspondence. 

The deal in question will see the duo take control of an 18% share in the South London club, releasing the funding necessary for the current board to make the long overdue changes to both the stadium and academy facilities without fear of overcommitting themselves whilst still financing improvements to our playing staff. 

As part of the deal, CPFC2010’s figurehead Steve Parish will reduce his own stake in the club to 18%, with the remaining percentage being split amongst the remaining three members of the original consortium, in a shift that will allow for a wider investment base than the club has ever had before. 

Whilst official plans for the stadium’s expansion remain under lock and key for now, you would assume that official news relating to Harris and Blitzer’s arrival would be shortly followed by a detailed explanation of how exactly the new owners plan to improve Crystal Palace’s long-term home. There are undoubtedly extremely exciting times ahead for all of us. 

This piece in The Mirror explains the deal in detail 

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