Crystal Palace’s US investment deal is now seemingly on the verge of being officially confirmed by the club, after news of the deal broke on Sky Sports News this morning.
The club’s commitment to redeveloping Selhurst Park has been a key motivating factor in Steve Parish and his fellow directors’ desire to secure a wider investment base in SE25, and now, with all six men having agreed to put upwards of £100 million into plans to refurbish the ground, it looks as though the dream is set to become a reality.
Facts relating to the exact breakdown of the deal are still to emerge, with some outlets suggesting that the US duo are set to purchase a “controlling stake” in the club, rather than the originally discussed figure of 18% each. Alongside Parish, who will also retain 18%, we should see the remaining 46% chopped up between the remaining investors, allowing for a far greater level of financial backing in years to come.
After close to 18 months of consistent speculation, we appear to be finally edging towards a conclusion; at a time when the team are riding high on the field. You would be well advised not to expect a huge amount to change in relation to the club’s transfer activities, with the stadium thought to be our top priority for the foreseeable future.
As such, the trickle of transfers and investment in the playing squad is likely to remain the same as it was over the summer, which for the time being, is more than good enough for most of us.
There are exciting times are ahead.