REPORT: Palace To “Press On” With Selhurst Build Despite Owners Wanting Out

1 Posted by - March 12, 2019 - News

A report in yesterday’s Evening Standard suggests that Crystal Palace will plough ahead with the planned redevelopment of Selhurst Park this summer, despite off-field uncertainty over the direction of their ownership. 

American pair Josh Harris and David Blitzer both own an 18% stake in the club but are said to be looking to sell in the near future; news which has led many Palace fans to wonder aloud where it leaves us in terms of stadium redevelopment. When they first came on board, their presence was sold as a key factor in speeding up the process of Main Stand construction, leaving supporters unsure over what the future holds. 

Of course, the US duo do not own a controlling stake and their departure would not impact Steve Parish, who handles the day-to-day running of the football club but the loss of their financial muscle will surely hinder our chances of seeing through a successful rebuild of the creaking Main Stand.

They may well sell their stake to equally, if not more wealthy people in the fullness of time but with their arrival having been talked up in direct correlation with the planned Selhurst re-structure, it’s difficult not to feel a tad apprehensive about the medium to long-term future. 

The timing of the story itself coincides with the release of season ticket renewal pricing; a fact which has led some to question how genuine the club’s confidence is in “pressing on” regardless of the upheaval at boardroom level. It could of course be a totally innocent coincidence but I can’t blame the sceptical members of our fan-base for wondering whether or not it’s an attempt at PR spin from behind the scenes in SE25 rather than a genuine scoop from The Evening Standard. 

Time will tell.

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  • tzcar March 12, 2019 - 7:54 am Reply

    yes the timing is bad.but we can only wait and see.i hope this will not impinge on our summer transfer budget.but with s.parish guiding the ship,i belive,he,lsee us through.a postnote for gordon,as always i appreciate your view.but i totally disagree with u about rh.negative the hell can it be right to constently play a negative midfield at home.the fans forum/twitter see it every home game.we have the best squad outsde the top 8,but the 2nd worst home record.failure to beat cardiff/brighton/newcastle at home.he has failed to get the best out of these players.sorry we need a modern more dynamic manager come summer.

  • Mike Ward March 12, 2019 - 8:51 am Reply

    I don’t think the American investors ever really put in any significant money anyway did they?
    Other than to buy their shares in the first place?
    And they are businessmen – they have no sentimental attachment to Palace so this is a business decision and could be down to any number of reasons as simple as adjusting their investment portfolio or lining up cash for another investment they want to make.

    I wonder if it might present an opportunity to offer a share scheme for Palace fans to buy up their shares?

  • Pete Burch March 12, 2019 - 11:08 am Reply

    Share scheme sounds good. But only if you need Palace ponts to purchase shares. Otherwise it just becomes like any other investment.

  • Gordon March 12, 2019 - 9:45 pm Reply

    Don’t know how others feel, but do we win the prize for the most antiquated PL ground? The stadium redevelopment plan is top drawer imho. I accept that investment in stadia often limits the funds available for team development – and I certainly wouldn’t want us to win the prize for the best ground in the Championship or League 1 (not that we would as there are already some classy & complete stadia in the lower divisions).
    And I’m happy to agree with tzcar that RH can set up a surprisingly defensive midfield formation when we have so many creative players waiting to show off their skills. Frustrating as this might be, I’d prefer to stick with him in charge for as long as he’s able & willing. I can’t think of a more reliable alternative – and he’s also refreshingly thoughtful & eloquent.
    On the Brighton game (if anyone wants to continue dissecting it) I feel they only did what we did to Leicester. Outplayed for most of the match but won through clinical finishing.

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