Crystal Palace deny takeover talks; but open to investment: Report

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Premier League club Crystal Palace has reportedly denied any talks with the former Manchester City owner Thaksin Shinawatra. However, the club chairman Steve Parish is reportedly open to outside investment for his ambitious financial plans.

It was reported widely earlier this week that the South London-based club was engaged in £150-million takeover talks with the disgraced former Thailand Primer Minister Shinawatra, who has been living in exile since 2008 when he was found guilty of corruption charges.

Standard Sport has reported that Parish was open to offers to help finance his ambitious plans. Parish would be willing to enter negotiations with the right people to raise finance to boost Palace’s £100m redevelopment of Selhurst Park and plans to revamp their academy, as well as support manager Roy Hodgson with transfer funds.

The Standard Sports has reported that Crystal Palace have received no contact from Shinawatra, who sold Premier League champions Manchester City to investors from Abu Dhabi United Group in 2008 for a reported £200 million.

Reports linking Crystal Palace with fresh investment have come just over two months after Bloomberg claimed that Joshua Harris and David Blitzer, the club’s Wall Street-based owners, are looking to sell their stake just three years after investing in the team.

Crystal Palace has capped the 2018/19 season with a 5-3 win at home over Bournemouth on Sunday, securing 12th position in the Premier League table.

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