According to Sky Sports, Crystal Palace Palace co-chairman Steve Parish and his fellow investors Steve Browett, Jeremy Hosking and Martin Long have secured a £100 million investment in the club after agreeing terms with US investors Josh Harris and David Blitzer. The report states that the deal will see Parish, Blitzer and Harris all retain an equal 18% share of the club with the remainder going to Browett, Hosking and Long (who will reduce their respective stakes in the club) and various other US interests. This investment had long been deliberated over and it looked like the deal was going through late last year before talks cooled. Parish had long discussed the need for investment to accelerate the growth of the club and this huge investment will primarily be used for the long-overdue development of Selhurst Park and the report claims that the Americans will put £50 million in for player recruitment. Whether this recruitment fund will be made available in January to enable the Eagles to push for European football remains to be seen. It's an exciting time for Palace fans with this supposed investment secured and the club sitting in sixth in the league; yet there will definitely be some nervous chatter as Palace look at the travails Liverpool, Manchester United and Aston Villa have had with their respective American owners.
