Crystal Palace could be on the verge of new ownership, according to reports.
According to a report from the Sun, Crystal Palace chiefs are in the middle of £220 million takeover talks with mystery Chinese businessmen.
The Eagles’ major shareholders Josh Harris and David Blitzer are believed to be keen to sell the club this summer, as long as their £220 million valuation is met.
Crystal Palace were approached by Shanghai Naisi Investment Management Centre in 2017, according to The Sun, but talks were ended swiftly as the two parties’ valuations were quite some way apart.
The Sun claims that the current Chinese interest is from a different source, however.
The British tabloid reports that the potential Chinese buyer visited Selhurst Park and Crystal Palace’s training ground last month, accompanied by a large entourage.
The south London outfit are currently a very stable Premier League club, and their fans will be hoping that any kind of potential takeover helps propel them into a top 10 team.
Whether the potential takeover would yield instant results for Crystal Palace, however, remains to be seen.
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