Crystal Palace remain in takeover talks, despite their managerial upheaval.

The Mirror says David Blitzer, the business partner of Joshua Harris, is ready to drop his interest in investing in the Premier League club.

Blitzer and Harris are the co-owners of the New Jersey Devils ice hockey team and NBA franchise the Philadelphia 76ers, but Harris will instead lead a smaller group of investors buying into the south London club and take a 70 per cent stake in the Eagles.

Current co-owner Steve Parish is set to retain his 25 per cent and will continue to run the club on a daily basis, while Steve Browett will keep a 5 per cent interest.

Fellow CPFC 2010 consortium members Martin Long and Jeremy Hosking are set to be bought out by 49-year-old Harris, with the takeover expected to be announced in early February.