Crystal Palace chiefs in £220million takeover talks with mystery Chinese businessmen

CRYSTAL PALACE have held takeover talks with a mystery businessman from China.

Sources say the prospective buyer was given the red-carpet treatment when he visited Selhurst Park and the training ground last month.

Crystal Palace chiefs in £220million takeover talks with mystery Chinese businessmen2 Crystal Palace chiefs including Steve Parish have held talks with a Chinese businessman over a potential takeoverCredit: Rex Shutterstock

Palace’s owners rejected a 2017 offer from the Shanghai Naisi Investment Management Centre as it was below their £220million valuation.

The current Chinese interest is believed to be from a new source and this time major Palace shareholders Josh Harris and David Blitzer are looking to sell.

The American financiers have appointed US investment bank PJT Partners as advisers to help them cash in.

The Chinese businessman leading the new bid was accompanied by a large entourage when he visited South London in May, with a family member acting as a translator in talks.

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Crystal Palace chiefs in £220million takeover talks with mystery Chinese businessmen2

But his initial offer is thought to be below the £200m mark and it is understood there is at least one other group with a genuine interest in buying Palace.

Blitzer and Harris pumped £100m into the Eagles after buying a 36 per cent stake in December 2015.

Chairman Steve Parish also owns 18 per cent of the club.

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