Crystal Palace close to securing deal with American investors

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Crystal Palace chairman Steve Parish is hopeful a deal with American investors could be finalized to give the club a much-needed financial boost.

Talks have been ongoing over the past year with Americans Josh Harris and David Blitzer, who co-own the Philadelphia 76ers of the NBA and the New Jersey Devils of the NHL.

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Palace’s other owners would still maintain stakes in the club and Parish would continue to oversee day-to-day operations, as investor money would be used to make renovations to Selhurst Park and the training ground.

In America, Parish spoke to BBC Sport in New York and said the deal would make Palace “as strong as it’s been for a hundred years.”

I think this club can be massive and it’s a great opportunity.

I want to move fast and to do that you need big funds. I’m prepared to do my bit, the three boys who are involved with me are prepared to do their bit.

But we need to bring some new people in to accelerate it and make sure we’ve got everything we need. If I was a Palace fan, and I am, I’d be fantastically excited about the future.

Parish saved the club from near-bankruptcy in 2010, with the team lingering towards the bottom of the table in the Championship. Under Parish, Palace secured promotion to the Premier League in 2013, and have finished 11th and 10th in their two seasons in the top flight.

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Palace are hopeful of securing their best-ever Premier League finish this season, currently sitting eighth on the table through 12 matches. As the only top flight club in South London and with continual improvements on the pitch, Palace looks to be a good investment should the deal go through.