Textor considers increasing Crystal Palace investment

26 Mar 2022 • 4:52 PM MYT
Tribal Football
Tribal Football

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Crystal Palace could welcome new owners as part of the fallout from the Chelsea takeover.

The Daily Mail says Palace's most recent investor, American technology magnate John Textor, is monitoring the Chelsea sale closely with a view to purchasing the stakes of fellow Palace shareholders Josh Harris and David Blitzer, who would be required to divest of their shares at Selhurst Park immediately should the consortium they are funding succeed in buying Chelsea.

Textor had previously considered an outright bid for Palace before paying £87.5million for 18 per cent of the club last year. Purchasing Harris and Blitzer's shares would take him to 54 per cent and overall control.

The 56-year-old chairman of American streaming service Fubo TV has maintained a low profile but exercised considerable influence behind the scenes since buying into Palace last summer, with his expertise in new technologies and virtual reality seen as crucial to the club's future growth.


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