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American businessman John Textor invests £87.5 million in Crystal Palace FC.

John Textor's investment comes at a very crucial juncture for Crystal Palace FC.

American businessman John Textor has invested £87.5 million in Premier League club Crystal Palace FC, according to the club. It’s been reported that John Textor earlier wanted to invest in the Portuguese club Benfica.

He was interested in purchasing 25% of the stakes at Benfica, but that deal was not possible. Nevertheless, he has joined his fellow Americans Josh Harris, David Blitzer and the chairman Steve Parish with 18% stakes at Crystal Palace FC.

“I have looked at many opportunities across European football in which to invest so I could follow my passion for football and have a meaningful stake in a club,” said Textor.

Over the past six months of discussions, I have also developed a real affinity to Crystal Palace FC, its history, the staff and, of course, most importantly the supporters who create an incredible atmosphere at every game – one I cannot wait to witness again when supporters return to fill Selhurst Park this season. I very much look forward to working with the chairman and the other partners.”

John Textor’s investment comes at a very crucial juncture for Crystal Palace FC. This thrust will help them clear off debt as well as get things going for the stadium they’re planning to renovate.

I’m delighted that search led us to John, who has invested significant sums, helping to facilitate the rejuvenation of the squad, bolster the balance sheet and enable the club to finalise the academy. We all look forward to working with John, who has a strong passion for football and a growing knowledge and affinity to Crystal Palace,” said chairman Steve Parish.

Crystal Palace beat Watford 3-1 in the previous week on Saturday in a Club Friendlies fixture. They will be next seen in action on Saturday in the Premier League against Chelsea at 7:30 PM IST at Stamford Bridge. 

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