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Jordan reveals losing £47M while Palace chairman

Simon Jordan says he lost a staggering £47 million while in charge of Crystal Palace.

Jordan was forced out after the South London club went into administration in late January.

It ended the flamboyant, perma-tanned businessman's expensive 10-year stint as Selhurst Park supremo.

He told The Sun: "There are two valuations of how much I've lost. My accountant will tell you I've lost £47m. But in pound notes I've probably lost closer to £35m.

"Do I regret losing that money? Of course I do. But it's done now."

The multi-millionaire mobile phone magnate became the Football League's youngest chairman when, at 32, he bought Palace in 2000.

The Eagles reached the Premier League in 2004 but were relegated after a season.

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