Friday 13 November 2015

Palace get big injection of American cash

Crystal Palace have agreed in principle a deal with American investors to take a 36 per cent stake in the club. The lead investor is Josh Harris, owner of the New Jersey Devils and Philadelphia 76ers. Talks have been taking place for some time, but stalled earlier in the year: Palace investment

The funds will be used to replace the contraption that passes for a main stand at Selhurst Park and also used to improve the Arthur Wait stand. Palace are confident that the investment will allow them to permanently consolidate their position as the leading South London club.

It has to be admitted that the fans who took Palace out of administration five years ago have done a good job in contrast to recent owners at Charlton.

Talking of Palace, here is an essay on the departure of Iain Dowie: Dowie departure

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