US tycoon buys stake in Crystal Palace
Newest investor John Textor joins the club's BOD's
LONDON: US businessman John Textor has joined Crystal Palace's board of directors and has also become the club's newest investor, the club announced.
According to the Guardian, Textor's investment of 87.5 million pounds ($121.34 million) is thought to be a significant percentage of the club, comparable to Chairman Steve Parish's 18 percent controlling stake.
Textor, the founder and CEO of virtual entertainment company Facebank, will join Parish and fellow joint-owners Josh Harris and David Blitzer on the club's board as the club's fourth director.
"We've been looking for the right investment for the right investor for a while now, both to advance the club and deal with the significant financial challenges of the last 18 months due to COVID," Parish said in a statement.
Crystal Palace faces Chelsea on Saturday in Patrick Vieira's first match as manager after succeeding Roy Hodgson.
The former France international has added defenders Marc Guehi and Joachim Andersen for a combined fee of more than 35 million pounds.
Edited - SportsAction / Inputs - Agency
