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US Billionaires Mull Crystal Palace Sale Amid Stadium Plans

Financial Times Companies •
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The US billionaire ownership group of Crystal Palace has put the Premier League club on the market, working with Raine Group bankers to evaluate options including a full sale. The move follows the club's most successful period, highlighted by their FA Cup victory and Europa Conference League triumph.

Josh Harris and David Blitzer control 30% of the club, while Woody Johnson holds a 43% stake acquired last year at a £550mn valuation. British businessman Steve Parish maintains 10% ownership and serves as executive chair. The ownership trio previously pursued Chelsea FC in 2022 before losing to Clearlake Capital and Todd Boehly.

Crystal Palace generated £8.3mn pre-tax profit on £196.6mn revenue in their latest financial reporting, ranking 25th among football's richest clubs. The club is simultaneously pursuing stadium redevelopment at Selhurst Park, aiming to expand capacity by 8,000 seats.

Despite cooling enthusiasm in the football club market since 2022's record deals, Premier League status continues attracting investors. Recent minority investments in West Ham United and Brentford demonstrate ongoing capital interest in English football's top flight, suggesting Palace could command significant interest.