
Crystal Palace shareholder John Textor is ready to up his stake in the club.
The London Evening Standard says Textor wants to invest more than £40million to increase his 40 per cent stake in the club if Josh Harris and David Blitzer walk away to join Chelsea.
Harris and Blitzer are believed to be the principal financial backers of the consortium fronted by Sir Martin Broughton that is bidding to buy out Roman Abramovich.
The American pair own around 22 per cent of Palace and, should their group be successful in buying Chelsea, would need to sell that stake to comply with Premier League rules.
A preferred buyer for Chelsea is set to be presented to the Government for approval in the week beginning April 18, meaning Harris and Blitzer could have only a matter of weeks to prove they can divest their Palace shares.
The sudden exit of two of their main investors would threaten to destabilise Palace, but Standard Sport understands Textor is ready to step in and purchase Harris and Blitzer's shares.
Textor paid £87.5m for an almost 40 per cent stake in Palace in August last year to join Harris, Blitzer and chairman Steve Parish on the Palace board. Both Textor and Parish, who has run Palace since 2010 and owns 11 per cent, have first refusal on the shares owned by Harris and Blitzer should they be sold.
Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!


