Crystal Palace takeover set to be complete before Christmas
By Kian Long
It’s been a long time coming, but the ball is finally rolling for Crystal Palace…
Crystal Palace sit in 13th place of the Premier League, following their controversial loss to Liverpool yesterday afternoon. They were unfairly denied a goal at the hands of VAR, which cost them a valuable two points in the end.
However, it’s not all doom and gloom for Palace supporters. The Eagles have been anticipating a takeover for their club for a good year or so now but the ball could finally be rolling. According to The Sun, a takeover is just “weeks” away from being completed.
Steve Parish, chairman of the London club, has been wanting to complete the sale for some time now. He was previously involved in a trio of power with Joshua Harris and David Blitzer, two American investors that bought their way into the club around this time in 2015.
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Their plans for success have not paid off, however, they remain in the Premier League and have the fundamentals set up for a successful future. They have some excellent players in their ranks, many of them young and promising.
The future of their best player, Wilfried Zaha, still needs to be addressed. However, this takeover from an association of companies and wealthy businesspeople could persuade the winger the stay on board. After all, it is the right way forward.
The report suggests the initial value of the deal would be £215m, excluding any debt or fees that need clearing. Plans include a revamping of the youth academy and stadium improvements, which has been needed for some time. Particularly in the Main Stand of Selhurst Park. Steve Parish will rightfully remain at the club in order to steer them in the right direction.
I wouldn’t expect Crystal Palace to be reaching Manchester City or Chelsea’s levels anytime soon. However, this financial takeover is a step in the right direction and given time, it could turn them into a strong, top-ten Premier League side.
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Do you think this is the right decision from Crystal Palace?