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Palace to get major US investment

AFKABartram
AFKABartram Posts: 57,825
in Other Football and Sports
Sigh...

Crystal Palace are set for American investment after Steve Parish agreed a deal with Joshua Harris and his partner David Blitzer that he feels will retain the soul of the club, writes Giuseppe Muro.

Parish is on the verge of selling a sizeable shareholding in Palace and the deal, which is agreed in principle but has yet to be finalised, could be completed by Christmas.

It will see current chairman Parish continue to run the club and would give Palace the significant funds needed to reach the next level.


Harris, who heads a group of investors from the United States, wants Palace to keep their south London roots and has impressed Parish with his vision for the club. While Arsenal and Liverpool are both run by their owners from America, Parish and Harris feel that it is best for the local partner to take the lead. Harris, owner of NBA franchise the Philadelphia 76ers and NHL side the New Jersey Devils, likes what Parish is doing and is keen for him to continue in his role.
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Comments

  • PL54
    PL54 Posts: 10,757
    Sickening isn't it
  • oohaahmortimer
    oohaahmortimer Posts: 34,145
    yep and Harris was being written off as a window shopping time waster ..... maybe not
  • carly burn
    carly burn Posts: 19,459
    Never mind.
    We've got our academy!
  • oohaahmortimer
    oohaahmortimer Posts: 34,145
    they are so far ahead of us it's a joke

    at least it's not millwall
    at least it's not millwall
    at least it's not millwall
    at least it's not millwall
    at least it's not millwall
    at least it's not millwall
    at least it's not millwall
  • Redvalleyeast
    Redvalleyeast Posts: 4,689
    As if they werent already light years ahead of us :( Thats what getting to and staying in the Prem does for you
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,619
    Fuck em
  • sam3110
    sam3110 Posts: 21,265
    The 76'ers are doing brilliantly this season 0-8 so far
  • nichorob
    nichorob Posts: 1,794
    They peaked at the right time, new TV deal at the end of the season as well which will widen the gap further. Good luck to them.
  • Rob
    Rob Posts: 11,790
    That's where being run properly gets you.

  • Exiled_Addick
    Exiled_Addick Posts: 17,168
    AFKABartram said:

    Sigh...

    Crystal Palace are set for American investment after Steve Parish agreed a deal with Joshua Harris and his partner David Blitzer that he feels will retain the soul of the club, writes Giuseppe Muro.

    Parish is on the verge of selling a sizeable shareholding in Palace and the deal, which is agreed in principle but has yet to be finalised, could be completed by Christmas.

    It will see current chairman Parish continue to run the club and would give Palace the significant funds needed to reach the next level.


    Harris, who heads a group of investors from the United States, wants Palace to keep their south London roots and has impressed Parish with his vision for the club. While Arsenal and Liverpool are both run by their owners from America, Parish and Harris feel that it is best for the local partner to take the lead. Harris, owner of NBA franchise the Philadelphia 76ers and NHL side the New Jersey Devils, likes what Parish is doing and is keen for him to continue in his role.

    When clubs in Palace's position start talking about reaching the 'next level', that usually ends up meaning the opposite of what they expect it to. We can but hope the same applies here. Personally, as well as he is doing right now, I wouldn't be letting Pardew anywhere near the enlarged transfer budget.

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  • sam3110
    sam3110 Posts: 21,265
    Rob said:

    That's where being run properly gets you.

    That's where swindling the local community and getting away with going into administration gets you more like
  • Raith_C_Chattonell
    Raith_C_Chattonell Posts: 5,679
    So have Bournemouth.
    http://www.bbc.co.uk/sport/0/football/34765666
  • charliewright1
    charliewright1 Posts: 1,650
    Jealous ................YEAH YOU BET. Palace are very lucky to have Steve Parish, a "proper Palace fan" and when I have heard and watched him, he always comes over really well and seems like a nice fella. If only????.................it was us! :neutral:
  • PL54
    PL54 Posts: 10,757
    Rob said:

    That's where being run properly gets you.

    Or that's where going into administration gets you
  • Bournemouth Addick
    Bournemouth Addick Posts: 16,283
    Raith_C_Chattonell said:

    So have Bournemouth.
    http://www.bbc.co.uk/sport/0/football/34765666

    Trying to stay positive but with both The Cherries and now this lot getting American investment this last week it's tough not to mentally take a stroll down the 'coulda, shoulda, woulda' street.

    We must have collectively broken a shed load of mirrors somewhere along the line :-(
  • Macronate
    Macronate Posts: 12,892
    Yeah well, we've got the Belgiums.
  • killerandflash
    killerandflash Posts: 69,846
    A lot of Palace's investment will be going in the ground, which as we know well, is a dump. I suspect that they are over estimating the number of people in South London who want to watch Palace as opposed to Premier League football, I thought we made the same mistake with all those plans for a 40k ground.
  • sammy391
    sammy391 Posts: 3,782
    When Harris was initially linked with us , I remember reading that he doesn't like spending much either! His other sporting teams have had a very similar strictness budget wise to us!
  • Hartleypete
    Hartleypete Posts: 4,699
    Yep Murrey that could have been you,if you hadn't made such a Rick of the whole situation.
  • LeaburnForEngland
    LeaburnForEngland Posts: 2,291
    Macronate said:

    Yeah well, we've got the Belgiums.

    You can't say that, apparently it's racist.
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  • PragueAddick
    PragueAddick Posts: 22,145
    But didn't he first become linked with them a year or so ago, after us and Reading? What took so long, if so?
  • killerandflash
    killerandflash Posts: 69,846
    PragueAddick said:

    But didn't he first become linked with them a year or so ago, after us and Reading? What took so long, if so?

    It look him that long to find the ground, he's been stuck in traffic for a year!
  • Hex
    Hex Posts: 1,888
    killerandflash said:

    PragueAddick said:

    But didn't he first become linked with them a year or so ago, after us and Reading? What took so long, if so?

    It look him that long to find the ground, he's been stuck in traffic for a year!
    You may be closer to the truth than you know ;-)
  • cafcdave123
    cafcdave123 Posts: 11,491
    It's a well known fact that Belgian beer is MILES better than the rat piss the wanky yankies pass off as beer!

    I'm happy with things as they are thank you.
  • Godstone
    Godstone Posts: 700
    All by coming 6th and scraping into the play-offs on the last day of the season! Parish has done well though in his appointment of managers. We swapped A.C for Dowie whereas they had Pulis and Pardew.
  • oohaahmortimer
    oohaahmortimer Posts: 34,145
    PragueAddick said:

    But didn't he first become linked with them a year or so ago, after us and Reading? What took so long, if so?

    maybe due dilligence ,negotiating price,percentage,roles of Parish
  • Airman Brown
    Airman Brown Posts: 15,734
    edited November 2015
    Godstone said:

    All by coming 6th and scraping into the play-offs on the last day of the season! Parish has done well though in his appointment of managers. We swapped A.C for Dowie whereas they had Pulis and Pardew.

    There were clear indications that this Palace lot were running the club in a much more sensible way than their predecessors, though, so I think they earned their luck with promotion.
  • Hex
    Hex Posts: 1,888
    PragueAddick said:

    But didn't he first become linked with them a year or so ago, after us and Reading? What took so long, if so?

    Us and Villa.
  • BR7_addick
    BR7_addick Posts: 10,210
    Cheerleaders, half time entertainment, middle class fan base they're half way there already.

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