Tribal Football

Textor in talks to sell Palace stake with investment firm

Ansser Sadiq
Textor in talks to sell Palace stake with investment firm
Textor in talks to sell Palace stake with investment firmAction Plus
An investment firm appears to have put in an offer for a 45 percent stake in Crystal Palace.

The Premier League club may not be up for sale, but there is still interest in the team.Per The Mail, Sportsbank, a group made up of a collection of investors from North America, Canada, Europe and the Gulf, are putting in a bid of around £230 million.

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The bid is to buy co-owner John Textor's shares, as he wants to invest in a new team.

Textor wants to buy a club outright, but must sell his Palace stake if he is to buy a Premier League team.

Sportsbank are said to be one of three serious bidders for Textor's shares at the present moment.