Breaking: New owners for Crystal Palace | Sportzwiki

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Breaking: New owners for Crystal Palace 

Crystal Palace finally have a huge cash injection from billionaire American investors led by Josh Harris and David Blitzer as the group of American Businessman agreed a £100m deal to buy the controlling stake in the Premier League side.

Recently New Jersey Devils owners Joshua Harris and David Blitzer registered two new entities with Companies House.

The American private equity duo, who also own NBA franchise Philadelphia 76ers, purchased 70 per cent share of the South London club.

Chairman Steve Parish, who agreed to reduce his personal stake, is trying to improve the club’s ­Selhurst Park stadium as well as the training ground and academy facilities.

With talks having continued for over a year, last month it was revealed Palace had agreed a final deal that would help them raise the nine-figure sum needed to make the essential upgradation of their ageing Selhurst Park ground.

 Sky Sources: Group of American Businessmen led by Josh Harris & David Blitzer agree £100m deal to buy controlling stake in Crystal Palace.

— Sky Sports News HQ (@SkySportsNewsHQ) December 17, 2015

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