Crystal Palace sell £87.5m stake to US businessman John Textor
11-Aug-2021 17:33:48 | The Guardian
- Textor, who wanted share of Benfica, has close to 18% of club
- Investment will help build squad, academy and new stand
Crystal Palace have confirmed that John Textor has become the club’s newest investor and director after paying almost £90m for his stake.
Textor, who failed with an attempt to purchase 25% of Benfica last month, will join his fellow American co-owners Josh Harris and David Blitzer and the chairman Steve Parish on Palace’s board, despite being understood to have initially hoped to buy the club outright.
Related: Premier League 2021-22 preview No 7: Crystal Palace
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