Joshua Harris, the billionaire owner of NBA franchise the Philadelphia 76ers and National Hockey League side the New Jersey Devils, has opened exploratory talks with Crystal Palace over a possible takeover bid, according to the Daily
With an estimated worth of £1.25bn, Harris is looking a number of sports clubs as he seeks to expand his portfolio. Any deal with Palace is a long way away from taking place, but he is understood to have registered his interest in buying the South London club, which is currently run by CPFC 2010, who saved the club from administration in that year.
Co-chairman Steve Parish has previously stated that he would welcome new investment providing that it was beneficial for the club’s long-term future.
Should Harris indeed complete a takeover, it would see him become the fifth person from the United States to own a Premier League club as well as a sports franchise in his homeland, after Stan Kroenke at Arsenal, John W Henry at Liverpool, the Glazer family at Manchester United and Shahid Khan of Fulham.
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